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Special Term Deposit offer

0.70% p.a. fixed rate for 6 months

Offer available from 4th September 2020 for a limited time only on Term Deposits opened or renewed by Westpac personal customers. Available on deposits from $5,000 - $2,000,000 with interest paid monthly or at maturity. Terms and conditions apply*.

 

Manage online in minutes 
 

Manage on the go

Sometimes it's hard to get to a branch during your maturity period. With Online and Mobile Banking, you can manage it all online from anywhere.

Complete control

Update your maturity or renewal instructions at any point (you don’t need to wait for your Term Deposit to mature).

Compare different rates

Easily access all available rates and terms and you may be eligible for a bonus rate on top of our standard rates. Explore your bonus rates when you sign into Online Banking.

You can also

  • Close or withdraw and have the funds paid directly into your Westpac account (or other bank account within Australia).
  • Opt to receive notifications via email and your Online Banking Message Centre when your Term Deposit is maturing.
  • At maturity you will also have 6 business days (called the Variation Period) beginning on the maturity date where you can change or provide maturity instructions once, this includes adding funds, withdrawing funds or closing. 1
     

How to renew online

Provide renewal instructions at any point during your term. If you choose to renew we will confirm your rate at maturity.

1.  Select your Term Deposit in your Online Banking.

2. Update your Term Deposit instructions.

3. Save your instructions (you can update them again at any stage during your term).


Need help sorting out Online Banking?

Register for Online Banking

Registering only takes a few minutes and once set up you can also use Mobile, Tablet or Phone Banking.

Forgotten your password?

It’s easy to reset your details online.

Switch to Digital Mail

You can choose to have your Term Deposit correspondence sent securely to your Digital Mail box within Online and Mobile Banking instead.

Things you should know
Any bonus rates offered above may only be available through Westpac Live Online Banking. You will, however, have 6 business days (called the Variation Period) beginning on the maturity date to tell us what you’d like to do. You’ll need to give us 31 days’ notice to access the funds before maturity, except in cases of hardship as defined by us. If you withdraw the funds early, we may recalculate all interest paid or to be paid on your Term Deposit at a reduced rate, and you may lose any interest accrued. If no new or varied instructions are received during the period of 6 Business days, the Account will be renewed in accordance with instructions advised before Maturity or (if none) under the same conditions as applied to the previous term (where available), using the standard interest rate applicable at Maturity.

^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)
1'Variation period’ means 6 Business Days from the date the Term Deposit matures.

Westpac Mobile Banking applications are only available for use by Westpac Australia customers. Internet connection is needed to access Westpac Online Banking and the Mobile Banking app. Normal mobile data charges apply.