Term options for interest paid at maturity:
Term Deposit Fixed Rate Savings
After a fixed return on your investment? Open or renew a Term Deposit now online or in-branch.
Special offers
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Up to
5.15
For 8 months when opened or renewed online[#]
Up to
5.25
For 12 months when opened or renewed online[#]
T&Cs apply.[#] 8-month Term Deposit Special Offer available from 15/07/2026 and 12-month Special Offer available from 22/05/2026:
- On Term Deposits opened or renewed by a Westpac customer
- For deposits of $5,000 to $2,000,000 on terms of 8 or 12 months
- For 8-month terms: interest can be paid monthly, or at maturity.
- For 12-month terms: interest can be paid monthly, half yearly or at maturity.
- To get the Special Offers when renewing your Term Deposit, you must review and confirm your renewal during the 6 business days variation period after maturity, even if you’ve already provided instructions before maturity. If no maturity instructions are received during this period, your Term Deposit will renew at the applicable standard advertised rate.
| Term | Fixed rate p.a. when opening or renewing online | Fixed rate p.a. when opening or renewing in-branch |
| 8 months – Special Offer | 5.15% | 5.05% |
| 12 months – Special Offer | 5.25% | 5.15% |
Individual or Sole Trader: Open online
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Individual: Apply online
Joint, Trust, SMSF: Apply in branch
[BVAR#wdp-domain]/origin/etb0/content/secure-pers/bank-accounts/savings-accounts/term-deposit/summary
Joint, Trust, SMSF: Open in branch
[BVAR#wbc-public-domain]/locateus/
Renew now
[BVAR#wdp-domain]/origin/etb0/content/secure-pers/bank-accounts/savings-accounts/term-deposit/manage-term-deposit/summary
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invest
Fixed return - With a fixed interest rate over a fixed term, you’ll know exactly how much you’re going to earn.
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Choice of terms - Pick a term from 1 month to 5 years, knowing your money will be invested securely.
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Easy to manage - Easily view and manage your investment in Online Banking and the Westpac App.
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Options at maturity - Choose whether to renew funds or withdraw, or set up instructions in advance.
Important information about renewing online
If a Special Offer is available at maturity, you must review and confirm your renewal during the 6 business days variation period after maturity to be eligible, even if you’ve already provided instructions before maturity. If no maturity instructions are received during this period, your Term Deposit will renew at the applicable standard advertised rate.
The Online Bonus Rate, where applicable, is included in the Special Offer rate shown and is added to your term deposit interest rate when you open or renew online during the variation period. It is applied in addition to any other bonus rates you may be eligible for.
How do I access the online bonus rate and how will it be displayed?
The online bonus rate will be:
- Added to your Term Deposit rate when you open or renew online during the variation period
- Included within the bonus rate displayed when opening or renewing your Term Deposit
- Applied on top of any other bonus rates you may be eligible for.
Does the online bonus rate apply to special offers?
Yes, the online bonus rate will be added to our advertised special offer rates when you apply or renew online.
Can I have the online bonus rate applied in branch or over the phone?
No, it is only applied to Term Deposits opened or renewed online.
What happens if you withdraw funds before maturity?
- Give a minimum of 31 days' notice (except in cases of hardship)
- No account fees apply, however you may get less than the amount you'd receive if you wait until maturity
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Rates, calculators and support
How much could I earn?
Use our calculator to find out how much your investment could earn.
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Term Deposit calculator
[BVAR#wbc-public-domain]/personal-banking/bank-accounts/term-deposit/rate-calculator/
Term Deposit rates
Check Term Deposit rates for other term durations.
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Term Deposit rates
Deposit about to mature?
Manage your Term Deposit online choosing to renew or withdraw.
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Sign in to manage
[BVAR#wdp-domain]/origin/etb0/content/secure-pers/bank-accounts/savings-accounts/term-deposit/manage-term-deposit
Callback assistance for opening an account
Open an account? Existing customers can request a callback from our team.
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Request a callback
[BVAR#wbc-public-domain]/personal-banking/bank-accounts/existing-customer-callback/