Strength, simplicity and service Incorporating the Commonwealth Bank's Accelerator Cash Account (ACA) and Term Deposit, our Cash Management Service acts as a single investment cash flow hub for investors and their advisers. Commonwealth Bank branch. Commonwealth Bank of Australia ABN 48 123 123 124 AFS 234945 Interest ates on Term Deposits and nvestment Accounts Interest Rates current as at 26 February 2021 (Interest rates are subject to change at the Banks discretion) ^ Farm Management Deposit Account is issued by Commonwealth Bank of Australia.
Term Deposit is a product for individual and corporate that can support the growth of your savings
Benefits:
- | 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:
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.
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.