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Easily manage your Term Deposit accounts in Online Banking or the Westpac App. Available 8am to 9.30pm Monday to Friday and 8am to 4pm Saturdays (AEST)​.

What updates can I make online?​

  • Update your maturity instructions during the Variation Period 1​
  • Select the Term Deposit duration, term and applicable interest rate before maturity​
  • Pay some or all of your funds on maturity to a linked account or other financial institution in Australia​
  • Set up notifications and alerts so you know when your Term Deposit will mature​

Manage or renew online

  • Change the term, amount, frequency of interest payments and account paid​
  • Check renewal details​
  • Renew online​

How-to guides

How to review your maturity instructions

  1. Select the Term Deposit​
  2. Check the Maturity instructions are correct​


Your Term Deposit will roll over at the end of the Variation Period1 based on the instructions.

How to change your deposit amount​

You have 6 business days at maturity1 to renew or manage your Term Deposit​​
 

  1. Select the Term Deposit​
  2. Review the Maturity instructions and select Make changes
  3. Select Make changes and renew account and then select Next
  4. Update the Renewal amount
  5. Select Get rates to choose a rate and term and select Next
  6. Review the changes and select Renew Term Deposit​
  7. You’ll receive an email and message centre notification to confirm your Term Deposit renewal.​

 

Important: If a third party has access to your Term Deposit, they could direct funds to be paid to an account not in your name.​

How to change your term​

You have 6 business days at maturity1 to renew or manage your Term Deposit​
 

  1. Select the Term Deposit​
  2. Review the Maturity instructions and select Make changes
  3. Select Make changes and renew account then select Next
  4. Enter your Renewal amount and Term
  5. Select Get rates to choose a rate and term, then select Next
  6. Review the changes and select Renew Term Deposit.​


We’ll confirm the details of your Term Deposit renewal via email and Message Centre.​

How to change the frequency of your interest payments​

You have 6 business days at maturity1 to renew or manage your Term Deposit.​
 

  1. Select the Term Deposit​
  2. Review the Maturity instructions and select Make changes
  3. Select Make changes and renew account then select Next
  4. Select an account to Withdraw funds to
  5. Enter the frequency and account to pay then select Next
  6. Select Get rates to choose a rate and term, then select Next
  7. Review the changes and select Renew Term Deposit.​
     

We’ll confirm the details of your Term Deposit renewal via email and Message Centre.​

How to close a Term Deposit​

  1. Select the Term Deposit​
  2. Go to Maturity instructions and select Make changes
  3. Select Close account and withdraw everything then select Next
  4. Select linked account* or external account then select Next ​
  5. If you don’t see a linked account tab, you might not have a linked account or access to it. Check with your Administrator
  6. Review the details then select Close
  7. We’ll confirm your account closure via email and Message Centre.​

Important: If a third party has access to your Term Deposit, they could direct funds to be paid to an account not in your name.​


 

Things you should know

1 'Variation period' means 6 business days from the maturity date of the Term Deposit.