---
title: "Business Term Deposit — Westpac"
description: "Term Deposits from Westpac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/westpac/products/TDBusTermDeposit
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-28T02:44:33Z
---

# Business Term Deposit — Westpac

> Term Deposits from Westpac. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Term Deposits**

A Westpac Business Term Deposit invest surplus funds for a fixed term and enjoy the certainty of a guaranteed return.

## At a glance

- **Fixed rate:** 5.05% (1 year)
- **Bonus rate:** 0.1% (conditions apply)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Fixed · 1 month (Interest paid at maturity · Minimum deposit amount) | 1.4% | 1 Month | at maturity |
| Fixed · 2 months (Interest paid at maturity · Minimum deposit amount) | 1.65% | 2 Month | at maturity |
| Fixed · 3 months (Interest paid at maturity · Minimum deposit amount) | 3.25% | 3 Month | at maturity |
| Fixed · 4 months (Interest paid at maturity · Minimum deposit amount) | 3.4% | 4 Month | at maturity |
| Fixed · 5 months (Interest paid at maturity · Minimum deposit amount) | 3.45% | 5 Month | at maturity |
| Fixed · 6 months (Interest paid at maturity · Minimum deposit amount) | 3.4% | 6 Month | at maturity |
| Fixed · 7 months (Interest paid at maturity · Minimum deposit amount) | 3.55% | 7 Month | at maturity |
| Fixed · 8 months (Interest paid at maturity · Minimum deposit amount) | 3.6% | 8 Month | at maturity |
| Fixed · 9 months (Interest paid at maturity · Minimum deposit amount) | 3.65% | 9 Month | at maturity |
| Fixed · 10 months (Interest paid at maturity · Minimum deposit amount) | 3.7% | 10 Month | at maturity |
| Fixed · 11 months (Interest paid at maturity · Minimum deposit amount) | 3.75% | 11 Month | at maturity |
| Fixed · 1 month (Interest paid monthly · Minimum deposit amount) | 1.4% | 1 Month | monthly |
| Fixed · 2 months (Interest paid monthly · Minimum deposit amount) | 1.6% | 2 Month | monthly |
| Fixed · 3 months (Interest paid monthly · Minimum deposit amount) | 3.2% | 3 Month | monthly |
| Fixed · 4 months (Interest paid monthly · Minimum deposit amount) | 3.35% | 4 Month | monthly |
| Fixed · 5 months (Interest paid monthly · Minimum deposit amount) | 3.4% | 5 Month | monthly |
| Fixed · 6 months (Interest paid monthly · Minimum deposit amount) | 3.35% | 6 Month | monthly |
| Fixed · 7 months (Interest paid monthly · Minimum deposit amount) | 3.5% | 7 Month | monthly |
| Fixed · 8 months (Interest paid monthly · Minimum deposit amount) | 3.55% | 8 Month | monthly |
| Fixed · 9 months (Interest paid monthly · Minimum deposit amount) | 3.6% | 9 Month | monthly |
| Fixed · 10 months (Interest paid monthly · Minimum deposit amount) | 3.65% | 10 Month | monthly |
| Fixed · 11 months (Interest paid monthly · Minimum deposit amount) | 3.7% | 11 Month | monthly |
| Fixed · 1 year (Interest paid at maturity · Minimum deposit amount) | 4.75% | 12 Month | at maturity |
| Fixed · 23 months (Interest paid at maturity (Annually) · Minimum deposit amount) | 4.75% | 13 Month | at maturity |
| Fixed · 35 months (Interest paid at maturity (Annually) · Minimum deposit amount) | 4.5% | 24 Month | at maturity |
| Fixed · 47 months (Interest paid at maturity (Annually) · Minimum deposit amount) | 4% | 36 Month | at maturity |
| Fixed · 59 months (Interest paid at maturity (Annually) · Minimum deposit amount) | 4% | 48 Month | at maturity |
| Fixed · 5 years (Interest paid at maturity (Annually) · Minimum deposit amount) | 4% | 60 Month | at maturity |
| Fixed · 1 year (Interest paid monthly · Minimum deposit amount) | 4.7% | 12 Month | monthly |
| Fixed · 23 months (Interest paid monthly · Minimum deposit amount) | 4.7% | 13 Month | monthly |
| Fixed · 35 months (Interest paid monthly · Minimum deposit amount) | 4.45% | 24 Month | monthly |
| Fixed · 47 months (Interest paid monthly · Minimum deposit amount) | 3.95% | 36 Month | monthly |
| Fixed · 59 months (Interest paid monthly · Minimum deposit amount) | 3.95% | 48 Month | monthly |
| Fixed · 5 years (Interest paid monthly · Minimum deposit amount) | 3.95% | 60 Month | monthly |
| Fixed · 1 year (Interest paid half-yearly · Minimum deposit amount) | 4.7% | 12 Month | every 6 months |
| Fixed · 23 months (Interest paid half-yearly · Minimum deposit amount) | 4.7% | 13 Month | every 6 months |
| Fixed · 35 months (Interest paid half-yearly · Minimum deposit amount) | 4.45% | 24 Month | every 6 months |
| Fixed · 47 months (Interest paid half-yearly · Minimum deposit amount) | 3.95% | 36 Month | every 6 months |
| Fixed · 59 months (Interest paid half-yearly · Minimum deposit amount) | 3.95% | 48 Month | every 6 months |
| Fixed · 5 years (Interest paid half-yearly · Minimum deposit amount) | 3.95% | 60 Month | every 6 months |
| Fixed · 1 year (Offer available for a limited time only on Term Deposits opened or renewed by Westpac personal and business customers. Terms and conditions apply. · Online only) | 5.05% | 12 Month | at maturity |
| Bonus · 1 day (An additional online bonus rate will be added when you open or renew online. Applies across any rate and term, as well as on our special rate offer for terms mentioned above. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rate will not be automatically applied to a renewing Term Deposit · Online only) | 0.1% | 12 Month | at maturity |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Bank cheque | Transaction | $10.00 |
| Bank cheque Online — This includes a customised remittance plus postage and handling | Transaction | $0.00 |
| Refunding a Bank cheque no longer required - original presented — Fee charged per cheque for Bank customers | Transaction | $0.00 |
| Refunding / Replacing a Bank cheque - original lost, stolen or destroyed — Fee charged per cheque for Bank customers | Replacement | $0.00 |

## Features

- **Guaranteed earnings: With a fixed interest rate over a fixed term, you?ll know exactly how much you?re going to earn on your investment.**
- **Bonus interest rates: Get 0.10% p.a. extra for opening or renewing online. And check if you qualify for other bonus rates when you sign in.**
- **Digital banking** (Online opening: There?s no need to visit a branch. Open, view and manage your account in Online Banking and the Westpac App.)
- **Security option: You can use a Business Term Deposit as security for a loan or bank guarantee, if you apply on a PC or mobile browser.**
- **Offer available on Term Deposits opened or renewed by existing Westpac personal or business customers. Available on deposits of $5,000 to $2,000,000. Interest paid monthly or at maturity. T&Cs apply.**
- **A safe investment: Avoid market fluctuations by earning a fixed interest rate on your investment, while avoiding the temptation to dip into your savings.**
- **Customers can open account either by Branch, Phone or Online.**
- **Statements sent includes confirmation, maturity, renewal and repayment advices**
- **Fraud protection** (The product includes limited fraud protection features.)
- **Relationship management** (Relationship management is available for eligible customers.)
- **Interest is paid: Monthly, yearly or at Maturity (where the term is 12 months or less) or at the end of any notice period.**
- **Add 0.10% p.a. online bonus rate to these rates if you?re already with Westpac and opening or renewing online**
- **Your choice of terms: Pick a fixed term that matches your business cycle, from 1 month to 5 years. And choose how you want your interest to be paid.**
- **Options at maturity: At the end of the term, choose whether to withdraw some or all of the funds or reinvest them for another term at the latest rate**
- **Flexibility if needed: If you really need your funds and give us enough notice, early withdrawal may be possible. But rate adjustments and reduced returns may apply.3**

## Eligibility

- **Minimum age** — 18 years
- **Residency status** — Those with an Australian residential address and who are currently in Australia.
- **Business customers** (Should have an eligible business registered in Australia)
- **Business customers** (Should be authorised to act on behalf of an Australian business)
- **Ensure every signatory on an account is identified according to Westpac's ID standard**

## Constraints

- **Minimum balance** — $5,000.00
- **Maximum balance** — $2,000,000.00

## More information from Westpac

- [Overview](https://www.westpac.com.au/business-banking/savings-accounts/term-deposits/)
- [Terms & conditions](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/pb/TermDeposits-tandc.pdf)
- [Eligibility](https://www.westpac.com.au/business-banking/savings-accounts/term-deposits/)
- [Fees & pricing](https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/pb/TermDeposits-tandc.pdf)

## Data provenance

- Published by Westpac under the Consumer Data Right
- Product ID: `TDBusTermDeposit`
- Last updated by the provider: 28 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/TDBusTermDeposit
- Provider page: https://www.cdrcompare.au/brands/westpac
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000002

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/westpac/products/TDBusTermDeposit) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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