Business Term Deposit
Term DepositsData Sharing Status
A Westpac Business Term Deposit invest surplus funds for a fixed term and enjoy the certainty of a guaranteed return.
- Fixed rate
- 5.15%
- 12 months
- Bonus rate
- 0.1%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Fixed Interest paid at maturity | 1.4% | 1 month | at maturity |
| Fixed Interest paid at maturity | 1.65% | 2 months | at maturity |
| Fixed Interest paid at maturity | 3.25% | 3 months | at maturity |
| Fixed Interest paid at maturity | 3.4% | 4 months | at maturity |
| Fixed Interest paid at maturity | 3.45% | 5 months | at maturity |
| Fixed Interest paid at maturity | 3.4% | 6 months | 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.
Eligibility
- Minimum age — 18 years
- Residency status — Those with an Australian residential address and who are currently in Australia.
- Business customersShould have an eligible business registered in Australia
- Business customersShould 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
Published by Westpac under the Consumer Data Right · Last updated 15 July 2026 · Product ID TDBusTermDeposit · View on CDR.gov.au