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Term Deposits

Please contact NSW Treasury prior to the establishment of a Westpac term deposit.

Term deposits can now be created and managed in Corporate Online, without paperwork. Corporate Online will provide interest quotes and guide you through establishing your own term deposit online.  If you need assistance, we are here to help.

And when the term deposit is about to mature, we will let you know so that you can decide whether to reinvest or not. It can all be managed by your agency using Corporate Online.

How do I establish a new term deposit in Australian dollars?

Term deposits can be created and managed using Corporate Online, without the need for paperwork.

  1. Log into Corporate Online
  2. From the Term Deposit menu, select Manage > Quotes
  3. Select Get a new quote
  4. Enter the term deposit details, then click Get a quote Now
  5. Click Accept rate
  6. Enter the deposit particulars, then click Continue
  7. Enter the remaining particulars, then click Continue
  8. Click Authorise now.

Where Corporate Online is not available?

Complete the Term Deposit Application form (PDF 101KB) to establish a new Term Deposit account outside Corporate Online. Term deposits initiated using this form will not automatically be available in Corporate Online.

Once complete, please return to your Client Enquiry Manager.


How do I establish a term deposit in a foreign currency?

To establish a foreign currency term deposit, we will need you to complete the Foreign Currency Term Deposit Application (PDF 158KB). Once complete, it should be returned to your Client Enquiry Manager for processing.

When establishing a foreign currency term deposit, we ask that you review the Foreign Currency Term Deposit PDS (PDF 103KB)  


What happens when my Term Deposit is about to mature?

Approximately two weeks before your term deposit is due to mature, we will send you a Term Deposit Maturity Advice. On this form you can advise us of your instructions. If your term deposit was created in Corporate Online, you will be able to submit your instructions online instead.

You do not have to wait to receive the maturity advice from Westpac, and can write to us on agency letterhead prior. When writing to us to provide instructions, please ensure you include all relevant details of the term deposit and your instructions for when the term deposit matures.