Commbank Term Deposit
- Commbank Term Deposit
- Bank Term Deposits
- Commbank Term Deposit Calculator
- Commbank Term Deposit Withdrawal
- What Is A Term Deposit Commonwealth Bank
Term Deposit is a product for individual and corporate that can support the growth of your savings
Commbank Term Deposit
CommBank, NAB, Westpac or ANZ - how do the big 4 term deposits compare? By Polly Fleeting Last updated Monday, 14 September 2020 If the current state of the Aussie economy has you wanting to lock up your savings and throw away the key, a term deposit might be the way to do it. News from Commonwealth Bank. Operational of Pekanbaru Branch on 22 February 2021. Proactively fabricate one-to-one materials via effective e-business. Commonwealth Bank is an insured member of Indonesia Deposit Insurance Corporation. Deposit transaction options include: Time Deposit Placement, Time Deposit Prepayment and Time Deposit Termination. Risk of Product One of the risks attached in Term Deposit product is the changes in fees that can be done at anytime and it will be informed to customers through branches, website or other media deemed appropriate by the Bank. Commonwealth Bank has announced it will soon be launching a new loan to help Australians adopt renewable technology and make their homes more sustainable. The CommBank Green Loan comes with a low 0.99% p.a. Secured fixed rate, and will be available to CommBank home loan and investment home loan.
Bank Term Deposits
Benefits:
Commbank Term Deposit Calculator
| - | Available in a wide selection of currencies (IDR/AUD/USD). |
| - | Affordable minimum initial deposit. |
| - | Competitive interest rate. |
| - | Convenience in transaction through Internet/Mobile Banking with discount for transaction fee including: |
| - | Term Deposit Advice as a confirmation of placement, renewal, maturity / termination of the Term Deposit. |
Easy Time Deposit (TD) Transactions through Phone Indemnity / POI and Enjoy the Benefits:
- Ease of doing transaction anywhere without coming to branch.
- Customer is not required to sign any form. Customer is only required to confirm the transaction by Phone with our Relationship Manager (RM).
- Faster transaction processing and Time Efficient.
Deposit transaction options include: Time Deposit Placement, Time Deposit Prepayment and Time Deposit Termination.
Risk of Product
One of the risks attached in Term Deposit product is the changes in fees that can be done at anytime and it will be informed to customers through branches, website or other media deemed appropriate by the Bank.
Procedures and Requirements
Opening a Term Deposit can be done at the nearest Commonwealth Bank branch by completing and signing the account opening application form and providing the required documents or through Internet Banking (for existing customers).
Document Requirement:
| Resident | : | Valid ID (KTP) |
| Non Resident | : | Passport; and KIMS/KITAS/Reference letter from company/Reference Letter from Commonwealth Bank of Australia (CBA) |
| Institution | : | Documents requirement according to Terms and Conditions applied by Commonwealth Bank |
| Description | Fee |
| Initial deposit | IDR 50,000,000 or AUD/USD 5,000 |
| Break fee (if break before time to maturity) | 0,5% from Principal, interest is not paid.** |
*Fees and Charges is subject to change and it will be informed to customers through media deemed appropriate by the Bank.
**Early Break Time Deposit before maturity, the ongoing interest paid will be deducted from the principal
Interest Rate Calculation
Interest is calculated based on end of day balance according to the prevailing interest rate. Interest rate table can be access in here
Product Expiration
The expiry of the product will be when customer or Bank closes the account.
Commbank Term Deposit Withdrawal
Product Issuer
This Product issued by PT Bank Commonwealth and guaranteed by Indonesia Deposit Insurance Cooperation/Lembaga Penjamin Simpanan ('LPS')***
***If the value of total deposit exceeds maximum value/if the interest rate of deposit exceeds interest rate of Indonesia Deposit Insurance Cooperation/Lembaga Penjamin Simpanan ('LPS'), deposit is not included and/or shall not be guaranteed by LPS in Deposit Insurance Scheme/Program Penjaminan Simpanan.