Term Deposits
Essentials
- Earn up to 6.00% p.a on a 12-month Term Deposit or 7.05% p.a. on a 60 month Term Deposit on deposits of $5,000 to $5,000,000
Fixed Term Deposits are a secure cash investment that only requires a minimum opening balance of $5,000 to get started. With a Term Deposit you have the peace of mind of knowing exactly what your interest rate will be for the fixed duration of the term. 1
Our Term Deposits also offer:
- No set-up, monthly service or management fees
- Fixed investment terms ranging from 7 days to 60 months
- Special rates on selected terms
- Interest payment options 2
- Options to re-invest or access your funds at maturity
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The option of having interest paid via bank cheque (fees apply), cash 3 or paid to a Westpac account or a bank account within Australia.
Your options when your investment matures
When your Term Deposit matures, you can:
- Reinvest both your principal and interest
- Reinvest your principal and receive your interest
- Reinvest part of your principal and receive part of the principal and the interest
- Receive both your principal and the interest
- Add more funds and reinvest.
Estimating the interest you will earn
You can use our Term Deposit calculator as a helpful guide to estimate the interest you’ll earn.
Further information.
Call our Term Deposit specialists on 1300 362 742.
Things you should know
- 1. Interest rate adjustment may apply if funds are withdrawn before maturity. Please refer to the Terms and Conditions for further details.
- 2. Interest payment options are:
-
At maturity - for terms of 12 months or less
Monthly - for terms of 1 to 60 months (inclusive)
Annually - for terms of greater than 12 months (for terms not equalling an exact year, the remaining interest is paid at the end of the term).
- 3.Dependent upon the value of the deposit this may need to be prearranged at a Westpac branch.
- *. Information is current as at 12 March 2010. Conditions apply. Offer excludes corporate, institutional and government customers. Current rate of 7.05% p.a. based on a 5 year term with interest paid annually. Minimum balance of $5,000, maximum balance of $5,000,000. Returns may be reduced if your Term Deposit is redeemed prior to maturity. This information does not take your circumstances into account. Read the terms, available from any Westpac branch, before making a decision. Issued by Westpac Banking Corporation, ABN 33 007 457 141, AFSL 233714.
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Rates
| Term | $5,000 <$10,000 | <$10,000 <$20,000 | $20,000 <$50,000 | $50,000 <$100,000 | $100,000 <$250,000 |
|---|---|---|---|---|---|
| 1 < 2 months | 0.80% | 0.90% | 1.00% | 1.10% | 1.20% |
| 2 < 3 months | 1.10% | 1.20% | 1.30% | 1.40% | 1.50% |
| 3 < 4 months | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
| 4 < 5 months | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 5 < 6 months | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 6 < 7 months | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 7 < 8 months | 5.80% | 5.80% | 5.80% | 5.80% | 5.80% |
| 8 < 9 months | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 9 < 10 months | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 10 < 11 months | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 11 < 12 months | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 12 < 24 months | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
| 24 < 36 months | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
| 36 < 48 months | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% |
| 48 < 60 months | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% |
| 60 months | 7.05% | 7.05% | 7.05% | 7.05% | 7.05% |
Special rates are highlighted in red.
Interest rates are % per annum. All investment balance ranges are in Australian dollars.
| Term | $5,000 <$10,000 | $10,000 <$20,000 | $20,000 <$50,000 | $50,000 <$100,000 | $100,000 <$250,000 |
|---|---|---|---|---|---|
| 1 < 2 months | 0.80% | 0.90% | 1.00% | 1.10% | 1.20% |
| 2 < 3 months | 0.90% | 1.00% | 1.10% | 1.20% | 1.30% |
| 3 < 4 months | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% |
| 4 < 5 months | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| 5 < 6 months | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| 6 < 7 months | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| 7 < 8 months | 5.60% | 5.60% | 5.60% | 5.60% | 5.60% |
| 8 < 9 months | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| 9 < 10 months | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| 10 < 11 months | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| 11 < 12 months | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| 12 < 24 months | 5.80% | 5.80% | 5.80% | 5.80% | 5.80% |
| 24 < 36 months | 5.80% | 5.80% | 5.80% | 5.80% | 5.80% |
| 36 < 48 months | 6.30% | 6.30% | 6.30% | 6.30% | 6.30% |
| 48 < 60 months | 6.30% | 6.30% | 6.30% | 6.30% | 6.30% |
| 60 months | 6.85% | 6.85% | 6.85% | 6.85% | 6.85% |
Our current Term Deposit rates are shown below. Look out for our latest special rates marked in red. You should note that:
- Interest rates are current as at 12 March 2010
- Rates are subject to change
- Special rates are not available in conjunction with any bonus interest or other special rates offered by Westpac.
- For rates on investment amounts above $250,000 please call 1300 362 742.
Interest options
Interest options are:
- Interest paid at maturity is available for terms of 12 months or less
- Interest paid monthly is available for terms of 1 to 60 months (inclusive)
- Interest paid annually is available for terms of greater than 12 months (for terms not equalling an exact year, the remaining interest is paid at the end of the term).
Term Deposit rates tables.
Interest rates are % per annum. All investment balance ranges are in Australian dollars.
View Westpac Term Deposit essentials.
Things you should know
- 1. Interest rate adjustment may apply if funds are withdrawn before maturity. Please refer to the Terms and Conditions for further details.
- 2. Interest payment options are:
-
At maturity - for terms of 12 months or less
Monthly - for terms of 1 to 60 months (inclusive)
Annually - for terms of greater than 12 months (for terms not equalling an exact year, the remaining interest is paid at the end of the term).
- 3.Dependent upon the value of the deposit this may need to be prearranged at a Westpac branch.
- *. Information is current as at 12 March 2010. Conditions apply. Offer excludes corporate, institutional and government customers. Current rate of 7.05% p.a. based on a 5 year term with interest paid annually. Minimum balance of $5,000, maximum balance of $5,000,000. Returns may be reduced if your Term Deposit is redeemed prior to maturity. This information does not take your circumstances into account. Read the terms, available from any Westpac branch, before making a decision. Issued by Westpac Banking Corporation, ABN 33 007 457 141, AFSL 233714.
-
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Did you know?
Use your Term Deposit interest to supplement your income. Simply select monthly interest payment frequency.
