Term Deposit rate calculator
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You may be eligible for a bonus rate on top of our standard rates
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Find a term deposit interest rate, then open a new Term Deposit online in minutes or renew your existing Term Deposit in Online Banking.
Things you should know
Results are estimates only based on the accuracy of the information provided. The actual amounts may be higher or lower. We cannot predict things that will affect your decision such as movements in interest rates. Any calculation made by you using this rate finder is intended as a guide only. This rate finder is not intended to be your sole source of information when making a financial decision. You may consider whether you should get independent advice. We are only providing you with factual information and not any advice. Read your product T&Cs before deciding. It’s your decision whether this product is right for you.
Any bonus rates offered above may only be available through Westpac Live Online Banking.
*Offer is available from 27/03/2020 for a limited time. The offer rate is available for Term Deposits opened or renewed Online, in Branch or by phone within the offer availability period. Maximum balance of $500,000 on the Term Deposit offer rate in an individual customers name. Joint account balances will contribute to the first account holders individual maximum offer balance. Private Bank customers may need to contact their Relationship Manager to obtain this rate. Not available for 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 If the deposit or any part of it is withdrawn early, an interest rate adjustment will normally apply.
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)