Westpac Term Deposit
Westpac Term Deposit review. Rates up to 3.55% p.a.
Updated 18 September 2025
Fact checked and verified. Updated 18 September 2025
Interest Rates
$5,000+ deposit(% p.a.)
Term
Monthly
Interest
Interest
Interest
at Maturity/
Annually
at Maturity/
Annually
1 month
-
1.20%
2 months
-
1.40%
3 months
2.60%
2.65%
4 months
2.70%
2.75%
5 months
2.80%
2.85%
6 months
2.85%
2.90%
7 months
3.00%
3.05%
8 months
3.15%
3.20%
9 months
3.10%
3.15%
10 months
3.15%
3.20%
11 months
3.20%
3.25%
12 months
3.50%
3.55%
24 months
3.30%
3.35%
36 months
2.80%
2.85%
48 months
2.80%
2.85%
60 months
2.80%
2.85%
Product Details
A Westpac Term Deposit lets you invest your money with the certainty of a fixed interest rate and a choice of terms."
- Westpac
Early withdrawal
•
31 daysnotice is required for early withdrawal of funds
•
$0 early withdrawal fee
•
An adjustment to your interest may apply
Feature
•
Option to pay interest monthly, annually, or at maturity
•
Investments between $5,000 and $2,000,000
TMD
Before applying for this product, you should read the Target Market Determination (TMD) available here on the Westpac website.
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