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Business Cash Reserve

Interest is calculated daily and paid monthly. Rates are current as at 19th January 2017 and are subject to change at any time. They are tiered according to balance.

 

 

Amount Variable base rate p.a.
$0 - $9,999 0.01%
$10,000 - $19,999 0.60%
$20,000 - $49,999 0.60%
$50,000 - $99,999 0.60%
$100,000 - $249,999 0.60%
$250,000 - $499,999 0.60%
$500,000+ 0.60%

Business Cash Reserve Bonus

Interest is calculated daily and paid monthly. Rates are current as at 23rd August 2016 and are subject to change at any time. They are tiered according to balance.

 

Variable interest rates (p.a.)

1.05%
Amount Interest rate with bonus Interest rate without bonus
$0 - $9,999 0 0
$10,000 - $19,999 1.05% 0.01%
$20,000 - $49,999 1.05% 0.01%
$50,000 - $99,999 1.05% 0.01%
$100,000 - $249,999 1.05% 0.01%
$250,000 - $499,999 1.05% 0.01%
$500,000+  1.05%  0.01%

 

 

Business Flexi  

Interest is calculated daily and paid monthly on balances of $20,000 or more. Rates are current as at 23rd August 2016 and may be changed at any time.

 

Variable interest rates (% p.a.) - Business Flexi

Amount Rate
$0 - $9,999 0
$10,000 - $19,999 0
$20,000 - $49,999 0.01%
$50,000 - $99,999 0.10%
$100,000 - $249,999 0.40%
$250,000 - $499,999 0.60%
$500,000+  0.60%

 

Variable interest rates (% p.a.) - Bank Undertaking Security Deposit

Amount Rate
$0 - $9,999 0.05
$10,000 - $19,999 0.05%
$20,000 - $49,999 0.05%
$50,000 - $99,999 0.10%
$100,000 - $249,999 0.40%
$250,000 - $499,999 0.60%
$500,000+  0.60%

Business Term Deposit

Rates shown for a term, e.g. month(s) or year(s) apply up to the start of the next term shown.

 

Interest paid at maturity or annually
Term $5,000 <$10,000 $10,000 <$20,000 $20,000 <$50,000 $50,000 <$100,000 $100,000 <$250,000
1 < 2 months 1.5% 1.5% 1.5% 1.5% 1.5%
2 < 3 months 1.75% 1.75% 1.75% 1.75% 1.75%
3 < 4 months 2.05% 2.05% 2.05% 2.05% 2.05%
4 < 5 months 2% 2% 2% 2% 2%
5 < 6 months 2% 2% 2% 2% 2%
6 < 7 months 2.1% 2.1% 2.1% 2.1% 2.1%
7 < 8 months 2% 2% 2% 2% 2%
8 < 9 months 2% 2% 2% 2% 2%
9 < 10 months 2% 2% 2% 2% 2%
10 < 11 months 2% 2% 2% 2% 2%
11 < 12 months 2% 2% 2% 2% 2%
12 < 24 months 2.35% 2.35% 2.35% 2.35% 2.35%
24 < 36 months 2.4% 2.4% 2.4% 2.4% 2.4%
36 < 48 months 3.1% 3.1% 3.1% 3.1% 3.1%
48 < 60 months 2.7% 2.7% 2.7% 2.7% 2.7%
60  months 2.85% 2.85% 2.85% 2.85% 2.85%

 

Interest paid monthly
Term $5,000 <$10,000 $10,000 <$20,000 $20,000 <$50,000 $50,000 <$100,000 $100,000 <$250,000
1  < 2 months 1.45% 1.45% 1.45% 1.45% 1.45%
2 < 3 months 1.7% 1.7% 1.7% 1.7% 1.7%
3 < 4 months 2% 2% 2% 2% 2%
4 < 5 months 1.95% 1.95% 1.95% 1.95% 1.95%
5 < 6 months 1.95% 1.95% 1.95% 1.95% 1.95%
6 < 7 months 2.05% 2.05% 2.05% 2.05% 2.05%
7 < 8 months 1.95% 1.95% 1.95% 1.95% 1.95%
8 < 9 months 1.95% 1.95% 1.95% 1.95% 1.95%
9 < 10 months 1.95% 1.95% 1.95% 1.95% 1.95%
10 < 11 months 1.95% 1.95% 1.95% 1.95% 1.95%
11 < 12 months 1.95% 1.95% 1.95% 1.95% 1.95%
12 < 24 months 2.3% 2.3% 2.3% 2.3% 2.3%
24 < 36 months 2.35% 2.35% 2.35% 2.35% 2.35%
36 < 48 months 3.05% 3.05% 3.05% 3.05% 3.05%
48 < 60 months 2.65% 2.65% 2.65% 2.65% 2.65%
60 months 2.8% 2.8% 2.8% 2.8% 2.8%

For rates on other balances, terms and interest payment frequencies please call 1300 362 742 (8am-8pm, 7 days a week).

 

Our current term deposit rates are shown above. Look out for our latest special rates marked in red. You should note that:

  • Interest rates are current as at 08 August 2016
  • Rates for new or renewal term deposits are subject to change at any time. However, once a term deposit account is opened the rate applicable to the account will not change unless the deposit or any part of it is repaid early
  • Special rates are not available in conjunction with any bonus interest or other special rates offered by the bank.

 

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).

 

Manage your Term Deposit online:

  • Westpac Live allows you to manage your eligible Term Deposits online during the Six Business Day Variation Period.

 

If some or all your business term deposit is repaid early:

  • In most cases an interest rate adjustment will apply
  • We reserve the right to vary the interest rate adjustment at any time
  • If interim interest has been paid and the Term Deposit is repaid before maturity, we may need to recover this interest
  • No interest will be paid if the Term Deposit is repaid within the first 7 days of a Term.

 

The interest rate adjustment will not apply where a term deposit is repaid prior to maturity due to the death of the depositor.

 

Call us on 1300 362 742, have a specialist call you or visit a branch:

  • To invest amounts over $250,000
  • If you want to open a term deposit for a term other than those shown below.

 

How much can I earn?

Our term deposit calculator can help you estimate how much interest you'll earn.