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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

  • You can update your maturity or renewal instructions online at any point (you don’t need to wait for your Term Deposit to mature)
  • You can also manage your Term Deposit online during the Six Business Day Variation Period.

3 of today's special deposit rates

3 months 6 months 12 months
0.20% 0.25% 0.35%

Deposits between $5,000 and $2,000,000 Interest rates are per annum. Choose to have interest paid monthly, yearly or at maturity. 

  • 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 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.

What’s the benefit of having interest paid monthly?

You can now choose to have your interest paid monthly on all our Term Deposits. This provides you with a regular income combined with the security of a guaranteed interest rate for the length of your term. The total interest you’ll earn won't change, no matter what payment frequency you choose.

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)