You may be eligible for a bonus rate on top our standard rates
Why do I need to sign in to Online Banking to check my rates?
In the past our bankers may have helped you get discretionary rates over the phone or in branch; now you can find out if you're eligible for discretionary rates by signing into Online Banking.1
Rates may be based on factors such as your relationship with the bank and your existing balances.
The above Term Deposit rates are available online and in branch for personal customers with a maximum limit of $1,999,999 per customer. For amounts greater than $1,999,999 or for Business Term Deposits, please contact any CommBank branch or your relationship manager. Latest rates as of 26 February 2021. Interest rates on offer may vary at any. Westpac business term deposit interest rates vary based on the term and interest payment frequency that you select. If you are a Westpac customer and use online banking, you can apply for a Westpac business term deposit online. 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. Interest paid at. The interest rate payable on the Term Deposit is fixed for the entire term of the Term Deposit unless you withdraw all or part of the deposit before the end of the fixed term. There are different interest rates which apply to different terms. The interest rates offered by Westpac for these Term Deposits on the day you are given the PDS. Westpac Life variable interest: includes a standard variable base rate plus a variable bonus rate.To earn the variable bonus interest you must make a deposit to your Westpac Life account, ensure the account balance is higher at the end than the beginning of the month and keep the account balance above $0.
You could get higher returns on your surplus cash with our range of fixed term deposits.
Our current term deposit rates are shown below. Look out for our latest special rates marked in red. You should note that:
- Information is current as at 4th June 2019
- Rates for new or renewal term deposits are subject to change at any time. However, once a term deposit account is opened the rate applicable to the account will not change unless the deposit or any part of it is repaid early
- Special rates are not available in conjunction with any bonus interest or other special rates offered by the bank.
Rates shown for a term, e.g. month(s) or year(s) apply up to the start of the next term shown.
| Term | $5,000 <$10,000 | $10,000 <$20,000 | $20,000 <$50,000 | $50,000 <$100,000 | $100,000 <$250,000 | $250,000 <$25,000,000 |
|---|---|---|---|---|---|---|
| 1 < 2 months | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
| 2 < 3 months | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| 3 < 4 months | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| 4 < 5 months | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| 5 < 6 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 6 < 7 months | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% |
| 7 < 8 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 8 < 9 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 9 < 10 months | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
| 10 < 11 months | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
| 11 < 12 months | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
| 12 < 24 months | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| 24 < 36 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| 36 < 48 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| 48 < 60 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| 60 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| Term | $5,000 <$10,000 | $10,000 <$20,000 | $20,000 <$50,000 | $50,000 <$100,000 | $100,000 <$250,000 | $250,000 <$25,000,000 |
|---|---|---|---|---|---|---|
| 1 < 2 months | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
| 2 < 3 months | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
| 3 < 4 months | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| 4 < 5 months | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| 5 < 6 months | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| 6 < 7 months | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
| 7 < 8 months | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| 8 < 9 months | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| 9 < 10 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 10 < 11 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 11 < 12 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 12 < 24 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| 24 < 36 months | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
| 36 < 48 months | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
| 48 < 60 months | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
| 60 months | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
For rates on other balances, terms and interest payment frequencies please call 132 142 (8am-8pm, 7 days a week).
Interest options are:
- Interest paid at maturity is available for terms of 12 months or less
- Interest paid monthly is available for terms of 1 to 60 months (inclusive)
- Interest paid annually is available for terms of greater than 12 months (for terms not equalling an exact year, the remaining interest is paid at the end of the term).
If some or all your business term deposit is repaid early:
- In most cases an interest rate adjustment will apply
- We reserve the right to vary the interest rate adjustment at any time
- If interim interest has been paid and the Term Deposit is repaid before maturity, we reserve the right to recover repayment of this interest
- No interest will be paid if the Term Deposit is repaid within the first 7 days of a Term.
The interest rate adjustment will not apply where a term deposit is repaid prior to maturity due to the death of the depositor.
Call us on 132 142 or visit a branch:
- To invest amounts over $250,000
- If you want to open a Term Deposit for a term other than those shown above.
Manage your Term Deposit online:
- Westpac Live allows you to manage your eligible Term Deposits online during the Six Business Day Variation Period.
No set-up, monthly service or management fees (other fees may apply)
Open a Business Term Deposit
Rates shown for a term, e.g. month(s) or year(s) apply up to the start of the next term shown.
| Term | $5,000 <$10,000 | $10,000 <$20,000 | $20,000 <$50,000 | $50,000 <$100,000 | $100,000 <$250,000 | $250,000 <$25,000,000 |
|---|---|---|---|---|---|---|
| 1 < 2 months | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
| 2 < 3 months | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| 3 < 4 months | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| 4 < 5 months | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| 5 < 6 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 6 < 7 months | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% |
| 7 < 8 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 8 < 9 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 9 < 10 months | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
| 10 < 11 months | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
| 11 < 12 months | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% |
| 12 < 24 months | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| 24 < 36 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| 36 < 48 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| 48 < 60 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| 60 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| Term | $5,000 <$10,000 | $10,000 <$20,000 | $20,000 <$50,000 | $50,000 <$100,000 | $100,000 <$250,000 | $250,000 <$25,000,000 |
|---|---|---|---|---|---|---|
| 1 < 2 months | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
| 2 < 3 months | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
| 3 < 4 months | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| 4 < 5 months | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| 5 < 6 months | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| 6 < 7 months | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
| 7 < 8 months | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| 8 < 9 months | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| 9 < 10 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 10 < 11 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 11 < 12 months | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 12 < 24 months | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| 24 < 36 months | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
| 36 < 48 months | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
| 48 < 60 months | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
| 60 months | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
For rates on other balances, terms and interest payment frequencies please call 132 142 (8am-8pm, 7 days a week).
Interest options are:
- Interest paid at maturity is available for terms of 12 months or less
- Interest paid monthly is available for terms of 1 to 60 months (inclusive)
- Interest paid annually is available for terms of greater than 12 months (for terms not equalling an exact year, the remaining interest is paid at the end of the term).
If some or all your business term deposit is repaid early:
- In most cases an interest rate adjustment will apply
- We reserve the right to vary the interest rate adjustment at any time
- If interim interest has been paid and the Term Deposit is repaid before maturity, we reserve the right to recover repayment of this interest
- No interest will be paid if the Term Deposit is repaid within the first 7 days of a Term.
The interest rate adjustment will not apply where a term deposit is repaid prior to maturity due to the death of the depositor.
Call us on 132 142 or visit a branch:
- To invest amounts over $250,000
- If you want to open a Term Deposit for a term other than those shown above.
Manage your Term Deposit online:
- Westpac Live allows you to manage your eligible Term Deposits online during the Six Business Day Variation Period.
No set-up, monthly service or management fees (other fees may apply)
Open a Business Term DepositIt only takes 10 minutes
Renew your Term Deposit onlineManage your eligible Term Deposit online during the Six Business Day Variation Period
Things you should knowWestpac Term Deposit Interest Rates
Important Information Document (PDF 119KB)
1. Any discretionary rates offered above may only be available through Westpac Live Online Banking.
Nab Term Deposit Rates Australia
Customers must provide a minimum 31 days' notice to access funds prior to maturity (except in cases of hardship). If the rate applying to your term deposit is a special or standard rate and your term deposit rolls over automatically, it may be automatically re-invested at a lower rate than the initial rate (including any initial special rate).
Cba Term Deposit Interest Rates
Early withdrawal may reduce returns. Term Deposits are 'protected accounts' under the Financial Claims Scheme (FCS). Payments under the FCS are subject to a limit for each depositor. For more information see the APRA website at apra.gov.au. This information does not take into account your personal objectives, financial situation or needs. Read the Terms and Conditions (PDF 3MB) and Important Information Document (PDF 119KB) before making a decision and consider whether the product is appropriate for you. Other fees, charges, terms and conditions apply.
