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Special Term Deposit offers

1.70% p.a. fixed rate for 12 months

Offer available for a limited time only on Term Deposits opened or renewed by personal, SMSF and Small Business Enterprise (SME) customers. Available on deposits from $5,000 - $500,000 with interest paid monthly or at maturity. Terms and conditions apply*.

 

2.00% p.a. fixed rate for 8 months for Australians aged 65 and over

Offer available for a limited time only on Term Deposits opened or renewed by personal customers aged 65 and over.  Available on deposits from $5,000 - $500,000 with interest paid monthly or 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 bonus 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

3 months   4 months   12 months  
1.05% 0.95% 1.00%

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


 

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)