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Term deposit rates

Special offer

Fixed interest offering certainty of return.

2.50% p.a. fixed rate term deposit for 8 months

Offer available to personal customers with deposits from $5,000 to $5,000,000 with interest paid at maturity. Offer available on new term deposits opened from Monday 21st August to Tuesday 5th September 2017, inclusive. Terms and conditions apply*

 

With interest rates constantly shifting, why not invest your money in a term deposit and enjoy the peace of mind of a fixed return.

When you compare term deposit rates, be sure to check the minimum investment amount, as well as interest and maturity options, to ensure the best choice for you.
 

And to make your fixed deposit comparison a little easier, we've highlighted our special term deposit rates in red.
 

All amounts listed below are in Australian dollars; term deposit interest rates are % per annum (p.a.)

 

Estimate interest earned using our Term Deposit calculator.

Interest paid at maturity or annually

Term $5,000 <$10,000 $10,000 <$20,000 $20,000 <$50,000 $50,000 <$100,000 $100,000 <$250,000
1 < 2 months 1.50% 1.50% 1.50% 1.50% 1.50%
2 < 3 months 1.75% 1.75% 1.75% 1.75% 1.75%
3 < 4 months 2.05% 2.05% 2.05% 2.05% 2.05%
4 < 5 months 1.85% 1.85% 1.85% 1.85% 1.85%
5 < 6 months 1.85% 1.85% 1.85% 1.85% 1.85%
6 < 7 months 2.10% 2.10% 2.10% 2.10% 2.10%
7 < 8 months 1.90% 1.90% 1.90% 1.90% 1.90%
8 < 9 months 1.90% 1.90% 1.90% 1.90% 1.90%
9 < 10 months 1.90% 1.90% 1.90% 1.90% 1.90%
10 < 11 months 1.90% 1.90% 1.90% 1.90% 1.90%
11 < 12 months 1.90% 1.90% 1.90% 1.90% 1.90%
12 < 24 months 2.35% 2.35% 2.35% 2.35% 2.35%
24 < 36 months 2.40% 2.40% 2.40% 2.40% 2.40%
36 < 48 months 2.50% 2.50% 2.50% 2.50% 2.50%
48 < 60 months 2.60% 2.60% 2.60% 2.60% 2.60%
60  months 2.85% 2.85% 2.85% 2.85% 2.85%

Interest paid monthly

Term $5,000 <$10,000 $10,000 <$20,000 $20,000 <$50,000 $50,000 <$100,000 $100,000 <$250,000
1  < 2 months 1.45% 1.45% 1.45% 1.45% 1.45%
2 < 3 months 1.70% 1.70% 1.70% 1.70% 1.70%
3 < 4 months 2.00% 2.00% 2.00% 2.00% 2.00%
4 < 5 months 1.80% 1.80% 1.80% 1.80% 1.80%
5 < 6 months 1.80% 1.80% 1.80% 1.80% 1.80%
6 < 7 months 2.05% 2.05% 2.05% 2.05% 2.05%
7 < 8 months 1.85% 1.85% 1.85% 1.85% 1.85%
8 < 9 months 1.85% 1.85% 1.85% 1.85% 1.85%
9 < 10 months 1.85% 1.85% 1.85% 1.85% 1.85%
10 < 11 months 1.85% 1.85% 1.85% 1.85% 1.85%
11 < 12 months 1.85% 1.85% 1.85% 1.85% 1.85%
12 < 24 months 2.30% 2.30% 2.30% 2.30% 2.30%
24 < 36 months 2.35% 2.35% 2.35% 2.35% 2.35%
36 < 48 months 2.45% 2.45% 2.45% 2.45% 2.45%
48 < 60 months 2.55% 2.55% 2.55% 2.55% 2.55%
60 months 2.80% 2.80% 2.80% 2.80% 2.80%

More on interest rates

  • Term deposit interest rates shown above are current as at 11/05/2017
  • Term deposit interest rates are subject to change
  • Any special term deposit interest rates are not available in conjunction with any bonus interest or other special rates offered by Westpac
  • If you are on a special rate and your term deposit rolls over automatically, the term deposit may be automatically re-invested at a lower rate than the current interest rate
  • For rates on investment amounts above $250,000 please call 1300 362 742.

Term deposit interest rate options

  • Interest paid at maturity is available for terms of 12 months or less
  • Interest paid monthly is available for terms of 1 to 60 months (inclusive)
  • Interest paid annually is available for terms of greater than 12 months (for terms not equalling an exact year, the remaining interest is paid at the end of the term)

View Westpac Term Deposit essentials.

 

Did you know?

We can negotiate rates for deposits over $250,000 or terms less than 30 days.

Call 1300 362 742.

Want to renew online?

You may be eligible for a special rate when you renew your Term Deposit online.

Things you should know

*Important Information: Rate is available on deposits from $5,000 to $5,000,000. Personal customers only – not available for business, corporate, institutional or government customers. Special rate will only apply to new Term Deposits and excludes funds rolled over from existing Westpac Term Deposits. 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 by Westpac. 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 information does not take into account your personal needs, circumstances or financial objectives. Before making a decision, read the terms and conditions at westpac.com.au and consider if the product is right for you. © 2017 Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

 

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

Important Information Document (PDF 119KB)