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Things you should know
More on term deposits
Minimum balance of $5,000, maximum balance of $10,000,000. If the rate applying to your term deposit is a special or standard rate and your term deposit rolls over automatically, it may be automatically re-invested at a lower rate than the initial rate (including any initial special rate). An interest rate adjustment may apply if your term deposit funds are withdrawn before maturity.
Westpac Term Deposits are covered by the Australian Government Deposit Guarantee, capped at $250,000 per Westpac account holder.