Bank accounts Term deposit rates

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.)

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 months2.50%2.50%2.50%2.50%2.50%
2 < 3 months2.50%2.50%2.50%2.50%2.50%
3 < 4 months3.15%3.15%3.15%3.15%3.15%
4 < 5 months2.50%2.50%2.50%2.50%2.50%
5 < 6 months2.50%2.50%2.50%2.50%2.50%
6 < 7 months2.50%2.50%2.50%2.50%2.50%
7 < 8 months3.15%3.15%3.15%3.15%3.15%
8 < 9 months2.50%2.50%2.50%2.50%2.50%
9 < 10 months2.50%2.50%2.50%2.50%2.50%
10 < 11 months2.50%2.50%2.50%2.50%2.50%
11 < 12 months2.50%2.50%2.50%2.50%2.50%
12 < 24 months3.30%3.30%3.30%3.30%3.30%
24 < 36 months3.60%3.60%3.60%3.60%3.60%
36 < 48 months4.00%4.00%4.00%4.00%4.00%
48 < 60 months4.10%4.10%4.10%4.10%4.10%
60  months4.55%4.55%4.55%4.55%4.55%

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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 months2.30%2.30%2.30%2.30%2.30%
2 < 3 months2.30%2.30%2.30%2.30%2.30%
3 < 4 months2.95%2.95%2.95%2.95%2.95%
4 < 5 months2.30%2.30%2.30%2.30%2.30%
5 < 6 months2.30%2.30%2.30%2.30%2.30%
6 < 7 months2.30%2.30%2.30%2.30%2.30%
7 < 8 months2.95%2.95%2.95%2.95%2.95%
8 < 9 months2.30%2.30%2.30%2.30%2.30%
9 < 10 months2.30%2.30%2.30%2.30%2.30%
10 < 11 months2.30%2.30%2.30%2.30%2.30%
11 < 12 months2.30%2.30%2.30%2.30%2.30%
12 < 24 months3.10%3.10%3.10%3.10%3.10%
24 < 36 months3.40%3.40%3.40%3.40%3.40%
36 < 48 months3.80%3.80%3.80%3.80%3.80%
48 < 60 months3.90%3.90%3.90%3.90%3.90%
60 months4.35%4.35%4.35%4.35%4.35%
  • Term deposit interest rates shown above are current as at 10 March 2014
  • 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.

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