Term Deposit
Term DepositsData Sharing Status
A Westpac Term Deposit lets you invest your money with the certainty of a fixed interest rate and a choice of terms.
- 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 |
| Fixed Interest paid at maturity |
Fees
| Fee | Type | Amount |
|---|---|---|
| Bank cheque | Transaction | $10.00 |
| Bank cheque Online | Transaction | $0.00 |
| Refunding a Bank cheque no longer required - original presented | Transaction | $0.00 |
| Refunding / Replacing a Bank cheque - original lost, stolen or destroyed | Replacement | $0.00 |
Features
- Fixed return: With a fixed interest rate over a fixed term, you?ll know exactly how much you?re going to earn
- Choice of terms: Pick a term from 1 month to 5 years, knowing your money will be invested securely.
- Digital banking
- Easy to manage: Easily view and manage your investment in Online Banking and the Westpac App.
- Options at maturity: Choose whether to withdraw funds or reinvest, or set up instructions in advance.
- 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.
- To get the Special Offers when renewing your Term Deposit, you must review and confirm your renewal during the 6 business days variation period after maturity, even if you?ve already provided instructions before maturity.
Eligibility
- Minimum age — 14 yearsPersonal customers of all ages with an Australian residential address. Additional restrictions apply if the Account holder is under the age of 14.
- Residency status — Those with an Australian residential address and who are currently in Australia.
- Online Application - To open a Term Deposit online, you need to be an Existing customer with a Westpac Choice account, Individual or sole trader.
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 TDTermDeposit · View on CDR.gov.au