CommBank
TD Parent Visa Bank Guarantee
A Term Deposit opened for the specific purpose of providing security for a bank guarantee required by the Commonwealth Government in relation to their requirement for an assurance of support.
Term depositsBank updated 23 Sept 2026
At a glance
- Best rate
- 3.90% for 60m
- Min deposit
- $4,000
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedThe term of this term deposit is 60 months and at maturity, it will be auto-rolled over for another 60 months. | — | 5 yrs | $1–$5,000 | 3.90% | — | paid every 6 mo |
| FixedThe term of this term deposit is 60 months and at maturity, it will be auto-rolled over for another 60 months. | — | 5 yrs | $10,000+ | 3.90% | — | paid every 6 mo |
| FixedThe term of this term deposit is 60 months and at maturity, it will be auto-rolled over for another 60 months. | — | 5 yrs | $5,000–$10,000 | 3.90% | — | paid every 6 mo |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Prepayment administration fee | Event | $30 | — | You'll need to give us 31 days' notice to withdraw all or part of your funds if your Term Deposit hasn’t reached the end of the fixed term. A prepayment adjustment (variable amount) and $30 prepaymen… |
| Prepayment interest adjustment | Event | Varies | — | You'll need to give us 31 days' notice to withdraw all or part of your funds if your Term Deposit hasn’t reached the end of the fixed term. A prepayment adjustment (variable amount) and $30 prepaymen… |
§ 03 — Features
Digital banking
§ 04 — Eligibility & limits
- · Opening balance $4,000
- · Only available to applicants who request an Assurance of Support Bank Guarantee and present a letter issued to them by the Australian Government (including its departments or agencies).
§ 06 — Run the numbers
Put this product through a calculator
Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.