Westpac Term Deposit

Headline interest rate
7.80%

Monthly fee
-

Account type
Term deposit

Moneybuddy says

A term deposit offering a fixed investment of between 1 month and 60 months with an attractive option of having interest paid monthly, annually or at maturity. This deposit also charges no set-up, monthly or management fees and generally offers the best fixed rate on balances over $5000.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate 7.80%

Monthly fee -

Account type Term deposit

The cool stuff: features

ATM access No

EFTPOS access No

Branch access No

Online access No

Age restrictions No

Cheque book facility No

Debit card No

BPAY No

GiroPost No

Phone access No

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Westpac says

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 $5000 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.

Pros

No set-up
monthly or management fees
Good fixed rate on balances over $5000
Interest paid monthly
annually or at maturity

Cons

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.