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Term Deposit details

The minimum investment amount is $5,000. The amount can be invested for terms of:

• One month or less (interest will be paid at maturity only)
• 12 months or less (you have a choice of your interest being paid monthly or at maturity)
• Greater than12 months (you have a choice of interest being paid monthly or yearly)

If you select monthly or yearly interest options, you will need to nominate an account (at Westpac or another financial institution) that you would like your interest paid into. The name of the financial institution, the BSB and the account number of the account is required.

To open a Term Deposit, you can either:

• Transfer funds from an existing Westpac account by providing us with the BSB and account number for the relevant account; OR
• Deposit your funds via BPay. If you nominate BPay, you will receive an email requesting that you contact Telephone Banking to finalise the transaction. You will then have 3 working days to deposit funds into your Term Deposit account