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2.40% p.a. fixed rate term deposit for 3 months

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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 24th September to Sunday 7th October 2018, inclusive. Terms and conditions apply*.

 

Popular Terms

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%

View all interest rates


Manage your Term Deposit online

Westpac Live allows you to manage your Term Deposit online during the Six Business Day Variation Period.

Choose from 3 options at maturity

Reinvest for another term, top up before reinvesting or cash in.

Flexible interest payment options

Interest can be paid directly into your Westpac account or other bank (within Australia) in cash or cheque. Fees may apply.


Ready to open a term deposit?

See how your savings can grow with competitive rates and zero fees.

 

Minimum $5,000

Maximum 60 months

Things you should know

Term Interest paid at maturity or yearly   Interest paid monthly
1 < 2 months 1.50% 1.45%
2 < 3 months 1.70% 1.65%
3 < 4 months 2.00% 1.95%
4 < 5 months 1.85% 1.80%
5 < 6 months 1.85% 1.80%
6 < 7 months 2.05% 2.00%
7 < 8 months 1.90% 1.85%
8 < 9 months 1.90% 1.85%
9 < 10 months 1.90% 1.85%
10 < 11 months 1.90% 1.85%
11 < 12 months 1.90% 1.85%
12 < 24 months 2.30% 2.25%
24 < 36 months 2.40% 2.35%
36 < 48 months 2.50% 2.45%
48 < 60 months 2.60% 2.55%
60  months 2.80% 2.75%

Want to renew your Term Deposit Online?

You may be eligible for a special rate when you renew your Term Deposit online.

You’ll need to:

  • Sign in to online banking
  • Go to Services & preferences and select Manage Term Deposit under Account services

Renew online
  • With Online and Mobile Banking you can renew your Term Deposit when it reaches maturity1
  • Access a special rate when renewing your Term Deposit online.

 

Find out more.

Things you should know

Term Deposits & Farm Management Deposits - Terms and Conditions (PDF 110KB)

Important Information Document (PDF 119KB)

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

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)
 

*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 excludes 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 by Westpac. 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.