Term Deposit

 Product Features

• Other Additional Information: Fixed return: With a fixed interest rate over a fixed term, you?ll know exactly how much you?re going to earn

• Other Additional Information: Choice of terms: Pick a term from 1 month to 5 years, knowing your money will be invested securely.

• Digital Banking Additional Information: Easy to manage: Easily view and manage your investment in Online Banking and the Westpac App.

• Other Additional Information: Options at maturity: Choose whether to withdraw funds or reinvest, or set up instructions in advance.

• Other Additional Information: Offer available on Term Deposits opened or renewed by existing Westpac personal or business customers. Available on deposits of $5,000 to $2,000,000 on terms of 24 or 12 months. Interest paid monthly or at maturity. T&Cs apply.

• Other Additional Information: Personal Customers can open account either by Branch, Phone or Online.

• Other Additional Information: Statements sent includes confirmation, maturity, renewal and repayment advices

• Fraud Protection Additional Information: The product includes limited fraud protection features.

• Relationship Management Additional Information: Relationship management is available for eligible customers.

• Other Additional Information: Interest is paid: Monthly, yearly or at Maturity (where the term is 12 months or less) or at the end of any notice period.

• Other Additional Information: Add 0.10% p.a. online bonus rate to these rates if you?re already with Westpac and opening or renewing online

• Other Additional Information: To get the Special Offers when renewing your Term Deposit, you must review and confirm your renewal during the 6 business days variation period after maturity, even if you?ve already provided instructions before maturity.

 Product Eligibility

• Min Age - 18. Additional Information: Minimum age to open account

• Residency Status - Those With An Australian Residential Address And Who Are Currently In Australia..

• Other Additional Information: Online Application - To open a Term Deposit online, you need to be an Existing customer with a Westpac Choice account, Individual or sole trader.

 Bank Fees and Charges

• Bank Cheque (Transaction), Amount: 10.00.

• Bank Cheque Online (Transaction), Amount: 0.00.

• Refunding A Bank Cheque No Longer Required - Original Presented (Transaction), Amount: 0.00.

• Refunding / Replacing A Bank Cheque - Original Lost, Stolen Or Destroyed (Transaction), Amount: 0.00.

 Limitations & Restrictions (Constraints)

• Min Balance of 5000.00

• Max Balance of 2000000.00

 Document Downloads

  termdeposits-tandc.pdf (448 K)