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Term Deposit rates for

Special offer

1.50% p.a. fixed rate term deposit for 6 months

Offer available for a limited time only on Term Deposits renewed by personal customers.  Available on deposits from $5,000 - $5,000,000 with interest paid at maturity. Terms and conditions apply*.

  

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
1.30% 1.15% 1.10%     1.20%

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 offer

1.45% p.a. fixed rate term deposit for 6 months

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

  

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
1.30% 1.15% 1.10%     1.20%

 


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.


 

* Rate is available for new Term Deposits from $5,000 to $5,000,000. Personal customers only. Private Bank customers may need to contact their Relationship Manager to obtain this rate. Not available for business, corporate, institutional or government customers. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rate is not available in conjunction with any bonus interest or other special rates offered on Westpac Term Deposits. 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 normally 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)