Business Investment Account

A term deposit locks away an amount of money for an agreed length of time (i.e. the term) and rate of interest. You’re unable to withdraw the money until the term ends (i.e. the maturity date). 

Our Business Investment Account is a standard term deposit. If you need to access your funds early, a 31-day notice period, interest adjustment, and administration fees typically apply.

Our Flexi Business Investment Account is a flexible term deposit, which means you can withdraw up to 20% of your money without waiting 31 days, and no interest adjustment or administration fees. The remaining 80% will continue to earn interest during the fixed term.

You can open a Business Investment Account or Flexi Business Investment Account online as a business customer if:

• You’re applying as a sole trader, single director of an Australian private company (Pty Ltd) or a self-managed super fund (SMSF) with individual trustees or sole director company trustee
• You’re already registered for NetBank
• You have an eligible transaction account held in the same business name (such as a Business Transaction Account) available in your NetBank

You can withdraw up to 20% of your balance from a Flexi Business Investment Account via NetBank and the CommBank app. Alternatively:

• Contact your Relationship Manager (if you have one)
• Visit a branch
• Call 1800 643 837 (Mon–Fri, 8am–4:30pm, Syd/Melb time)

You can withdraw up to 20% of your balance from a Flexi Business Investment Account via NetBank and the CommBank app.

Alternatively:

• Contact your Relationship Manager (if you have one)
• Visit a branch
• Call 1800 643 837 (Mon–Fri, 8am–4:30pm, Syd/Melb time)

Approximately one week before the end of your deposit term, we'll send you a letter with options to:

1. Renew your investment for another term and immediately lock in a new fixed interest rate. You can also add additional money or withdraw a portion of your balance.
2. Withdraw all of your money including the interest you’ve earned.
3. Place your money in a holding facility while you decide what to do. If you don’t provide instructions, your funds will be placed in our holding facility and continue to earn interest at an applicable rate (paid weekly).³

You can tell us your maturity instructions in NetBank, or by contacting your Relationship Manager, visiting a branch, or calling 1800 643 837 (Mon–Fri, 8am–4:30pm, Syd/Melb time).

Business Investment Account: You'll need to provide 31 days' notice if you want to withdraw your money before the end of your term. This may reduce your returns and incur a prepayment interest adjustment and administration fee.

Flexi Business Investment Account: You can withdraw up to 20% of the balance of your Flexi Business Investment Account before the end of the term. To withdraw more than 20%, you'll need to provide 31 days' notice. This may reduce your returns and incur a prepayment interest adjustment and administration fee.

If you're experiencing hardship and need your money sooner, please contact us immediately.