Term Deposit
Term Deposit
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. |
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/Mobile 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 |
Fees and Charges*
| 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.
**Effective Date 16 March 2015
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.
