Manage your Term Deposit online
Manage in Online Banking or the Westpac App
- Manage or renew your Term Deposit without having to visit a branch^.
- Update your maturity instructions at any point before your Term Deposit matures.
- Check available rates and terms - you might be eligible for a bonus rate on top of our standard rates. Terms and conditions apply*.
How to renew online
You have 6 business days to renew or manage your Term Deposit once it matures.
- Search Manage Term Deposit in the Smart Search bar
- Select Make changes and renew account or Close account and withdraw everything
- Tap Next
- To renew: Select the Renewal amount, Term and Interest paid. Tap Get Rates then Renew
- To close: Select the account to credit, tap Next, confirm details and then tap Close.
Things you should know
Important Information Document (PDF 1MB)
Read the Westpac Online Banking Terms and Conditions (PDF 417KB) at westpac.com.au before making a decision and consider whether the product is right for you.
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 If the deposit or any part of it is withdrawn early, an interest rate adjustment will normally apply.
If you choose not to give instructions, your account will automatically roll over on the same term and interest payment frequency at the standard interest rate applicable at maturity
1. Special or bonus rates apply for a single term. Higher or lower rates may apply for subsequent terms.
2. 'Variation period’ means 6 Business Days from the date the Term Deposit matures.
^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)
*Rate is available for new or renewed Term Deposits from $5,000 to $2,000,000. Personal customers only. Private Bank customers may need to contact their Relationship Manager to obtain this rate. Not available for business, 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 If the deposit or any part of it is withdrawn early, an interest rate adjustment will normally apply.