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Business Term Deposit Calculator

You may be eligible for a bonus rate on top our standard rates

Why do I need to sign in to Online Banking to check my rates?

In the past our bankers may have helped you get discretionary rates over the phone or in branch; now you can find out if you’re eligible for discretionary rates by signing into Online Banking.1

Rates may be based on factors such as your relationship with the bank and your existing balances.  

Calculate a term deposit interest rate, then open a new Term Deposit online in minutes or renew your existing Term Deposit in Online Banking.

Minimum $5,000

Maximum 60 months

Bonus rates: Add 0.10% p.a. to these rates if you’re already with Westpac and you open or renew online#. Sign in and check rates to see if you qualify for a higher bonus rate on top of that.

Results are estimates only based on the accuracy of the information provided. The actual amounts may be higher or lower. We cannot predict things that will affect your decision such as movements in interest rates. Any calculation made by you using this business term deposit calculator is intended as a guide only. If you are an existing Westpac customer you may be eligible for a discretionary rate on top of our standard interest rates, login to online banking to find your available rates1.This calculator is not intended to be your sole source of information when making a financial decision. You should consider whether you should get independent advice. We are only providing you with factual information and not any advice. Read your product T&Cs before deciding. It’s your decision whether this product is right for you.

Things you should know

Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 227KB)

Important Information Document (PDF 1MB)

24/7 access is subject to system availability.

Credit criteria, fees, charges, terms and conditions apply. Talk to your banker for product details.

Find out what information you need to provide to become a customer

1. Any discretionary rates offered above may only be available through Westpac Live Online Banking.

#Term Deposits opened or renewed during the variation period via Online Banking or the App only. The bonus rate will be applied in conjunction with any other offer that may apply. Not available for customers who are not able to open or renew digitally (e.g., some joint accounts), Financial Institutions, Institutional Bank customers, Farm Management Deposits and Term Deposits held as security. For renewing Term Deposits, customer-initiated instructions must be provided in the variation period. We reserve the right to withdraw, amend or extend the offer at any time. Rates and offer apply for a single term. Higher or lower rates may apply for subsequent terms. You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship). If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.

Westpac Live will be available to update Term Deposits from 8:00 am to 9.30 pm on a Business Day and 8:00am to 4:00pm Saturdays (Sydney time)

Customers must provide a minimum 31 days' notice to access funds prior to maturity (except in cases of hardship). 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).

Early withdrawal may reduce returns. Term Deposits are 'protected accounts' under the Financial Claims Scheme (FCS). Payments under the FCS are subject to a limit for each depositor. For more information see the APRA website at This information does not take into account your personal objectives, financial situation or needs. Read the Terms and Conditions (PDF 227KB) and Important Information Document (PDF 1MB) before making a decision and consider whether the product is appropriate for you. Other fees, charges, terms and conditions apply.