Term Deposit

Build prosperity and security at a a great rate with a Westpac term deposit.

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A short to medium-term investment ideal for securing surplus cash for a set period. You know exactly what rate of return you'll receive and when to expect it.

No set up, monthly service or management fees¹
Competitive fixed interest rate on balances of $5,000 and above

Features and Benefits

Fixed investment terms from 7 days to 2 years
Interest paid monthly, annually, or at maturity²
Interest can be paid by bank cheque, cash or direct credit into another Westpac bank account

Access Options

Once your fixed term ends, your funds can be withdrawn via bank cheque or cash at any branch or directly credited.

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Got a question about Bank Accounts?

* For balances between $10,000 and $1,000,000. Interest paid annually. Information current as at Monday 21 July 2008. Rates subject to change. For rates on other balances, terms and interest payment frequencies please call 1300 362 742.

1. An early termination penalty interest rate may apply. Full terms and conditions available on request. These may be varied, or new terms and conditions introduced in the future. See the Savings and Investment Accounts Comparison Table for a list of current interest rates and fees.
2. Interest paid at maturity is only available for terms of 12 months or less.

General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

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