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Term Deposit rates for

Special Term Deposit offers

1.70% p.a. fixed rate for 12 months

Offer available for a limited time only on Term Deposits opened or renewed by personal, SMSF and Small Business Enterprise (SME) customers. Available on deposits from $5,000 - $500,000 with interest paid monthly or at maturity. Terms and conditions apply*.

 

2.00% p.a. fixed rate for 8 months for Australians aged 65 and over

Offer available for a limited time only on Term Deposits opened or renewed by personal customers aged 65 and over.  Available on deposits from $5,000 - $500,000 with interest paid monthly or at maturity. Terms and Conditions apply#.


Managing your Term Deposit online is easier than ever

  • If you’re an existing customer, you can find out if you’re eligible for a bonus rate on top of our standard rates.
  • Update your maturity or renewal instructions at any point (you don’t need to wait for your Term Deposit to mature)
  • Keep tabs on your Term Deposit alongside your other accounts through Online Banking and our mobile banking app.

Popular rates

Deposits between $5,000 and $250,000. Interest rates are % per annum. Interest paid at maturity.
 

3 months 6 months 9  months 12 months
1.05% 0.90% 0.85%     1.00%

How a Term Deposit works

Choose a term that suits your needs (from 1 month to 5 years)

Lock your money away and earn a fixed rate of interest - that means you'll know exactly what your return will be.

At maturity you can renew for another term, top up before renewing or cash in.


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

Open your Term Deposit

Find discretionary rates in minutes – no need to go into branch.

Already have a Term Deposit?

Manage your Term Deposit online in minutes1.

Special Term Deposit offers

1.70% p.a. fixed rate for 12 months

Offer available for a limited time only on new Term Deposits opened by Westpac personal customers.  Available on deposits from $5,000 - $500,000 with interest paid monthly. Terms and conditions apply*. 

 

2.00% p.a. fixed rate for 8 months for Australians aged 65 and over

Offer available for a limited time only on new Term Deposits opened by personal customers aged 65 and over.  Available on deposits from $5,000 - $500,000 with interest paid monthly. Terms and conditions apply#.


Why choose a Westpac Term Deposit?

  • Know exactly what your return will be with a fixed rate of return
  • Invest your money with Australia’s oldest bank
  • Update your maturity or renewal instructions at any time (you don’t need to wait for your Term Deposit to mature)
  • Keep tabs on your Term Deposit alongside your other accounts with Online Banking and our mobile banking app.

Popular rates

Deposits between $5,000 and $250,000. Interest rates are % per annum. Interest paid at maturity.
 

3 months 6 months 9  months 12 months
1.05% 0.90% 0.85%     1.00%

 


How a Term Deposit works

Choose a term that suits your needs (from 1 month to 5 years)

Lock your money away and earn a fixed rate of interest - that means you'll know exactly what your return will be.

At maturity you can renew for another term, top up before renewing or cash in.


Ready to open a Term Deposit?

Open your Term Deposit

Choose a term that suits your needs, from 1 month to 5 years.
 

Things you should know

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


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)