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2.35% p.a. fixed rate term deposit for 5 months

Open now

Offer available on new Term Deposits opened by personal customers between Tuesday 9th April 2019 to Monday 22nd April 2019, inclusive. Available on deposits from $5,000 - $5,000,000 with interest paid at maturity. Terms and conditions apply*.

 


Already with Westpac?

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

Save yourself a trip to the branch and find discretionary rates in Online Banking.
 

Manage your Term Deposit online

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

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

 

3 of today's special deposit rates

12 < 24 months   24 < 36 months   36 months  
2.20% 2.25% 2.30%

Deposits between $5,000 and $250,000. Interest rates are % per annum. Interest paid at maturity or annually. View all terms and interest rates

  • All term deposits have no set-up, monthly service or management fees
  • You get flexible options to reinvest all or part of your term deposit when it matures
  • Compare term deposit rates (includes rates where interest is paid monthly)
  • Find out more about a Westpac Term Deposit

More than $250,000 to invest?

We can negotiate rates for term deposits over $250,000. Please call 1300 362 742.

More on guaranteed returns

Westpac Term Deposits are protected accounts under the Australian Government Deposit Guarantee scheme. Protection under the scheme is limited. For more information see apra.gov.au. Your return may be reduced if you withdraw funds before maturity.

 

Want to renew online?

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

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)
 

* 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.