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Term Deposit rates for

Special offer

2.55% p.a. fixed rate term deposit for 5 months

Offer available to personal customers with deposits from $5,000 to $5,000,000 with interest paid at maturity. Offer available on new term deposits opened from Monday 10 December 2018 to Sunday 13 January 2019, inclusive. Terms and conditions apply*.


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.


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


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
2.00% 2.05% 1.90% 2.30%

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 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

2.55% p.a. fixed rate term deposit for 5 months

Offer available to personal customers with deposits from $5,000 to $5,000,000 with interest paid at maturity. Offer available on new term deposits opened from Monday 10 December 2018 to Sunday 13 January 2019, inclusive. Terms and conditions apply*.


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
2.00% 2.05% 1.90% 2.30%

 


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.


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
  • Open and renew your Term Deposit in Online Banking without needing to go to a branch

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

Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 3MB)

Important Information Document (PDF 119KB)

Find out what information you need to provide to become a customer (PDF 768KB)
 

* Important Information: Rate is available on deposits from $5,000 to $5,000,000. Personal customers only – not available for business, corporate, institutional or government customers. Special rate will only apply to new Term Deposits and may exclude funds rolled over from existing Westpac Term Deposits. 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.

 

1. 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)