CBA 3 Month Term Deposit For investments of $50,000 to less than $1,999,999 for a CBA 3 month / 90 day Term Deposit with Annual Maturity. The rate of 1.60% is 0.14% lower than the average 1.74%. Also it is 0.8% lower than the highest rate 2.40 Updated Aug, 2019. Term Deposit Rates/Headline Rates# Term Opening deposit Term Deposit opened as Interest rate p.a. 4 Weekly Interest Payment Option 6 Monthly Interest Payment Option 30 months^ Individuals – $7,000/$5,000/$4,000/$2,000 Organisations – $10,000 DIMIA Bank Guarantee 0.20% 0.25% 48 months Individuals – $7,000/$5,000/$4,000/$2,000 Organisations – $10,000. How to apply for a Commonwealth Bank term deposit. Before applying for a Commonwealth Bank term deposit, aim to first compare it against other term deposits on the market to ensure it is the right one for you. Compare Term Deposits. If applying, consider Commonwealth Bank’s eligibility criteria (below) and what you might need to have on hand. What terms are available on the Commonwealth Bank term deposits? According to Commonwealth Bank, it offers term deposits with terms (the length of time your money is deposited) ranging from a minimum of one month to a maximum of five years. You can use Canstar’s term deposit calculator to help you work out what term length might be suitable.
CBA Term Deposit Term deposits are one of the bank account offerings offered by Commonwealth bank in conjunction to their savings accounts and transaction accounts. They offer a fixed interest rate of return on a nominated term ranging from 1 month to 5 years with options to invest from $5000 AUD.
| From Term Deposit Rates Australia: |
These CBA term deposit rates are taken from Commonwealth Bank of Australia (CBA) for your information.
The CBA term deposit rates below are available in CBA bank branch for Term Deposit amounts of $10,000 to less than $500,000 and NetBank, internet banking service for amounts of $5,000 to less than $500,000.
CBA Term Deposit Rates:
Term | Interest rate
60 months
6.40% p.a.
36 - 47 months
6.20% p.a.12 months
6.00% p.a.6 months
5.80% p.a.
4 months
Cba Interest Rates
5.50% p.a.CBA term deposit rates are indicative only.
© Provided by The Motley Fool stack of coins spelling yield
The big four banks have been cutting the interest rates on their term deposits this year.
Popular Searches
At present, a 12-month term deposit from Commonwealth Bank of Australia (ASX: CBA) for balances above $50,000 offers an interest rate of just 1.1%.
This is lower than the inflation rate, which effectively means that you’re losing money in real terms.
In light of this, I think investors ought to look to the share market for a source of income. Especially after the coronavirus outbreak dragged shares down to levels that mean they offer very generous dividend yields.
Here are two ASX dividend shares that I think would be worth considering once the market volatility eases:
Accent Group Ltd (ASX: AX1)
I think Accent Group could be a good option for income investors after its sharp share price decline over the last three weeks. Although trading conditions in the retail industry have been tough, this hasn’t stopped this footwear-focused retail group from delivering solid profit and dividend growth. I’m confident there will be more of the same in FY 2020 thanks to the popularity of its Athlete’s Foot, HYPE DC, and Platypus stores with consumers. At present its shares offer a trailing fully franked 7.45% dividend yield.
Cba Term Deposit Interest Rates Today
Vanguard Australian Shares High Yield ETF (ASX: VHY)
Another option for income investors to consider is the Vanguard Australian Shares High Yield ETF. As its name implies, this ETF invests in many of the highest yielding dividend shares on the local market. I like it because not only does it offer a generous dividend yield, it does this through a diverse group of shares ranging from miners such as BHP Group Ltd (ASX: BHP), the big four banks, and telco giant Telstra Corporation Ltd (ASX: TLS). At present I estimate that the Vanguard Australian Shares High Yield ETF offers a partially franked dividend yield of ~6.2%.
And here is a third dividend share which has been rated as a buy. I think it would be a great option income investors right now.
When our resident dividend expert Edward Vesely has a stock tip, it can pay to listen. After all, he’s the investing genius that runs Motley Fool Dividend Investor, the newsletter service that has picked huge winners like Dicker Data (+98%), Transurban (+96%) and National Storage (+92%).*
Edward has just named what he believes is the number one ASX dividend stock to buy for 2020.
This fully franked “under the radar” company is currently trading 7% below its all time high and paying a 5.4% grossed up dividend
The name of this dividend dynamo and the full investment case is revealed in this brand new free report.
But you will have to hurry — history has shown it can pay dividends to get in early to some of Edward’s stock picks, and this dividend stock is already on the move.
*Returns as of 3/3/20
More reading
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Accent Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post Forget CBA term deposits and buy these ASX dividend shares appeared first on Motley Fool Australia.