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Our best term deposit rates

Term deposits provide certainty. At the end of a fixed term, your investment earns a guaranteed return, which makes term deposits a secure savings option.

  • 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

3 of today's special deposit rates for interest paid at maturity or annually

Term Amount Rate p.a.
12 < 24 months $5000 < $250000 2.35%
24 < 36 months $5000 < $250000 2.40%
36 months $5000 < $250000 2.50%


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.

Find out more

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 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

Early withdrawal may reduce returns. Term deposits are "protected accounts" under the Financial Claims Scheme (FCS). Payments under the FCS are subject to a limit for each depositor. For more information see the APRA website.

Rates are current as at 8 August 2016 and are available on deposits up to $250,000 AUD. Personal and business customers only - not available for corporate, institutional or government customers.

Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Read the terms and conditions before making a decision and consider whether this product is appropriate for you. Fees and charges apply.

The rates listed above are Westpac's highest term deposit rates generally available to the public. The list of rates excludes any special offers or negotiated rates.


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

Important Information Document (PDF 119KB)