interest rate term deposit commonwealth bank

Rates are significantly elevated for example, the normal one year term deposit with annual interest payments returns 4.25% p.a.

The special offer term deposits at CommBank are available for existing personal or Self Managed Super Fund (SMSF) customers. CommBank vary special offer rates by up to 20 basis points Term length

While the current market leading rates are still a bit behind at 5.25% p.a, which includes the same Bank of Sydney product, cuts to the cash rate aren't expected anytime soon, so term deposit rates returning to 5.50% p.a and beyond in the coming weeks/months isn't out of the question.įor now, here are the banks that moved rates this week. Some of Australia's biggest banks increased term deposit rates this week, and if the RBA do hike, others are likely to quickly follow suit.Įarlier in the year, when it also looked as though big rate hikes were forthcoming, term deposit rates hit a peak of 5.50% p.a, on Bank of Sydney's one year term product. Macquarie increases rates up to 140 basis pointsįirstmac/Goldfields money increase rates up to 15 basis pointsĪfter CPI inflation for September came in higher than forecast, most economists are now expecting the RBA to raise the cash rate on Tuesday.Īussies with a mortgage will be bracing for their repayments to jump, but for those looking to grow their savings, higher rates normally means higher returns on deposit products. CommBank vary special offer rates by up to 20 basis pointsĬommBank increases rates by 5 basis points

Interest rate term deposit commonwealth bank