Rate is not available in conjunction with any other special rates offered on Westpac Term Deposits, unless specified otherwise. Higher or lower rates may apply for subsequent terms.

Not available for Financial Institutions or Westpac Institutional Bank customers. Commercial and Private Bank customers will need to contact their Relationship Manager. Rate will not be automatically applied to a renewing Term Deposit. Consider its appropriateness to these factors before acting on it, and read the Terms and Conditions (PDF 227KB) before making a decision.ġ. Rate is available for new or renewed Term Deposits for 12-23 month terms, from $5,000 to $5,000,000. This information is general in nature and does not take your personal objectives, circumstances or needs into account.

If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.įind out what information you need to provide to become a Westpac customer.įees, charges and terms and conditions apply.

You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).

Higher or lower rates may apply for subsequent terms.

Rates and offers apply for a single term.

We reserve the right to withdraw, amend or extend these offers at any time.

For renewing Term Deposits, customer-initiated instructions must be provided in the variation period.

Not available for customers who are not able to open or renew digitally (e.g., some joint accounts), Financial Institutions, Westpac Institutional Bank customers, Farm Management Deposits and Term Deposits held as security.

Applicable to Term Deposits opened or renewed during the variation period by existing personal and business customers via Online Banking or the App Only.

Interest paid monthly, at maturity or at minimum yearly on 12 to 23 month terms.

Westpac bank term deposit rates