Title: Term Deposit Rates - Compare Australian Term Deposit Rates | Westpac
Headings: Term Deposit rates
Term Deposit rates
Why open a Westpac Term Deposit?
Already with Westpac?
You may be eligible for a bonus rate on top of our standard rates
Existing customers
0.35% p.a. fixed rate for 12 months
Current Term Deposit interest rates
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What’s the difference between a term deposit and a savings account?
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Content: Existing customers
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0.35% p.a. fixed rate for 12 months
Offer available from 26th February 2021 for a limited time only on new Term Deposits opened by Westpac personal customers. Terms and conditions apply* Find out more
Current Term Deposit interest rates
Deposits between $5,000 and $2,000,000 Interest rates are per annum. Choose to have interest paid monthly, yearly or at maturity. If you’re an existing customer, you can sign into Online Banking to explore your bonus rates you may be eligible for. Special rates are highlighted in red. Rates for 1 to 6 months term
Term
Interest paid at maturity
Interest paid monthly
1 < 2 months
0.05%
0.05%
2 < 3 months
0.05%
0.05%
3 < 4 months
0.10%
0.10%
4 < 5 months
0.10%
0.10%
5 < 6 months
0.20%
0.20%
Rates for 6 to 12 months term
Term
Interest paid at maturity
Interest paid monthly
6 < 7 months
0.20%
0.20%
7 < 8 months
0.20%
0.20%
8 < 9 months
0.20%
0.20%
9 < 10 months
0.20%
0.20%
10 < 11 months
0.25%
0.25%
11 < 12 months
0.25%
0.25%
Rates for more than 12 months
Term
Interest paid yearly
Interest paid monthly
12 < 24 months
0.25%
0.25%
24 < 36 months
0.25%
0.25%
36 < 48 months
0.25%
0.25%
48 < 60 months
0.25%
0.25%
60 months
0.25%
0.25%
'On Demand' Interest
The 'On Demand' (at call) standard interest rates may apply to periods between Maturity and renewal or repayment of an Account. These rates are variable. $5,000 < $10,000
$10,000 < $20,000
$20,000 < $50,000
$50,000 < $100,000
$100,000 < $25,000,000
0.05%
0.05%
0.05%
0.05%
0.05%
What is the Term Deposit Variation Period rate? Westpac Term Deposits have a 6 business day Variation Period, starting from the date of maturity.