Westpac Term Deposit
The Westpac term deposit offers a fixed investment of between 1 month and 60 months with an attractive option of having interest paid monthly, annually or at maturity. This term deposit account also charges no set-up, monthly or management fees. The investment amount for a Westpac term deposit starts at $5,000.
Interest paid Annually
Interest calculated Daily
Headline interest rate p.a. 3.10%
Monthly fee $0
Account type Term deposit
The cool stuff: features
ATM access No
EFTPOS access No
Branch access No
Internet Banking No
Age restrictions No
Cheque book facility No
Debit card No
Phone access No
The Facts & Figures
Balance less than $1k (p.a.) 0%
Balance less than $5k (p.a.) 0%
Balance less than $25k (p.a.) 3.10%
Balance greater than $100k (p.a.) 3.10%
Min. balance $5,000
Min. opening deposit $5,000
Number of free elect transactions per month -
The ugly stuff: fees
Other bank ATM fee -
EFTPOS transaction fee -
Branch assistance fee -
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Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
A Westpac Term Deposit is ideal for securing surplus cash for a set period. You know exactly what rate of return you'll receive and when to expect it.
No set-up, monthly service or management fees, competitive fixed interest rate on balances of $5,000 and above, rates on other balances, terms and interest payment frequencies available.
Features and benefits: fixed investment terms from 1 month to 60 months, interest paid monthly, annually, or at maturity, options to re-invest or access your funds are available at maturity. 4 month term = 2.00% p.a. 6 month term = 2.20% p.a. 12 month term = 2.50% p.a. 24 month term = 3.00% p.a. 36 month term = 3.10% p.a. 48 month term = 2.70% p.a. 60 month term = 2.85% p.a.
- No set-up fees
- no monthly or management fees
- Competitive fixed interest rates on balances over $5,000
- Interest paid monthly, annually or at maturity
- Rate comparable to regular savings accounts for lower balances
Terms & conditions
Interest rate displayed is a headline rate promoting the best available, correct at time of publishing. Always check with provider directly for up to date rates available.