Term Deposit

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Term Deposits are a short to medium term investment ideal for securing surplus cash for a set period.

Competitive interest rate

A cash investment ideal for securing your savings. You know exactly what rate of return you'll receive and when to expect it.

Features and benefits

No set-up, monthly service or management fees¹
Fixed investment terms from 7 days to 60 months
Interest paid monthly, annually or at maturity²
Interest can be paid by bank cheque, cash or direct credit into another Westpac bank account
Options to re-invest or access your funds are available at maturity³

Access options
Once your fixed term ends, your funds can be withdrawn via bank cheque or cash at any branch or directly credited.

Did you know

Use your Term Deposit interest to supplement your income. Simply select monthly interest payment frequency.

Other savings accounts

Westpac Reward Saver
Earn bonus interest when you make at least one deposit and no withdrawals.
Westpac eSaver
High daily interest with the convenience to instantly access funds.

1. Interest rate adjustment may apply on early termination of a term deposit. Full terms and conditions available on request. These may be varied, or new terms and conditions introduced in the future. See the Savings and Investment Accounts Comparison Table for a list of current interest rates and fees.
2. Interest paid at maturity is only available for terms of 12 months or less.
3. Interest rate adjustment may apply if funds are withdrawn before maturity.

* For balances between $10,000 and $1,000,000. Interest paid annually. Information current as at Wednesday 20 August 2008. Rates subject to change. Rate subject to term and interest payment frequency. For rates on other balances, terms and interest payment frequencies please call 1300 362 742.

General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

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