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3.00% p.a. fixed rate term deposit offer

Offer available for 12 to 23 month terms

Offer available from 8th August 2022 for a limited time only on Term Deposits opened or renewed by Westpac personal and business customers. Available on deposits from $5,000 - $5,000,000 with interest paid monthly. Terms and conditions apply*.

Make it 3.10% p.a. by adding an extra 0.10% p.a. when you open or renew online#.


Earn bonus interest if you’re with Westpac

You may be eligible for multiple bonus rates

1. A bonus rate, shown during the online process, added on top of your standard rate.

2. An additional 0.10% p.a. online bonus rate when you open or renew online (included in the bonus rate shown).

Find a term deposit interest rate, then open a new Term Deposit online in minutes or renew your existing Term Deposit in Online Banking.

Minimum $5,000

Maximum 60 months

Bonus rates: Add 0.10% p.a. to these rates if you’re already with Westpac and you open or renew online#. Sign in and check rates to see if you qualify for a higher bonus rate on top of that.

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 Online Banking.

#Rate is available for new or renewed Term Deposits for 12-23 month terms, from $5,000 to $5,000,000. Rate will not be automatically applied to a renewing Term Deposit. Commercial and Private Bank customers will need to contact their Relationship Manager. Not available for Financial Institutions or Westpac Institutional Bank customers. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rate is not available in conjunction with any other special rates offered on Westpac Term Deposits, unless specified otherwise. 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. This offer is available via Online Banking (for existing customers) or by talking to us.

Westpac Online Banking will be available to update Term Deposits from 8:00am to 9.30pm on a Business Day and 8:00am to 4:00pm Saturdays (Sydney time)