Term Deposit

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A short to medium term investment ideal for securing surplus cash for a set period. You know exactly what rate of return you'll recieve and when to expect it.

Westpac Reward Saver

Westpac Cash Manager

Westpac eSaver

Westpac Term Deposit

Account Features

Minimum opening balance
N/A
N/A
N/A
$5,000

Monthly service fee
NIL
$5.00
NIL
NIL

Minimum monthly balance to waive monthly service fee
N/A
$10,000
N/A
N/A

Free transactions (per month)
$2.50 charge for all withdrawals
Unlimited Internet Banking and Automated Telephone Banking electronic transactions only
Unlimited Internet Banking and Automated Telephone Banking electronic transactions only
N/A

Interest
2.00%p.a.(paid monthly)
Tiered (paid monthly)
Tiered (paid monthly)
Current term deposit interest rates

0 < $5,000
0.00% pa
5.10% pa

$5000 < $10,000
0.00% pa
5.10% pa

$10,000 < $20,000
4.05% pa
5.10% pa

$20,000 < $50,000
4.05% pa
5.10% pa

$50,000 < $100,000
4.05% pa
5.10% pa

$100,000 < $250,000
5.05% pa
5.10% pa

$250,000 < $500,000
5.05% pa
5.10% pa

$500,000+
5.05% pa
5.10% pa

Bonus Interest¹
3.40%² pa
N/A
N/A
N/A

Minimum monthly deposit to earn bonus interest
$50³
N/A
N/A
N/A

Excess transaction fees
Yes
Yes
N/A
N/A

Internet Banking
$2.50
NIL
NIL
N/A

Telephone Banking Electronic withdrawal
$2.50
NIL
NIL
N/A

Direct Debit
$2.50
$0.25
N/A⁴
N/A

EFTPOS
$2.50
$0.25
N/A⁴
N/A

Westpac ATM withdrawal
$2.50
$0.50
N/A⁴
N/A

Cheques written
N/A
$0.50
N/A⁴
N/A

Staff-assisted withdrawal
$2.50
$2.50
N/A⁴
N/A

Additional Fees
N/A

Non-Westpac ATM within Australia (cash withdrawal or balance enquiry)
$2.00
$2.00
N/A
N/A

Overseas ATM cash withdrawal⁵
$5.00
$5.00
N/A
N/A

Overseas ATM Balance Enquiry
NIL
NIL
N/A
N/A

MasterCard^{^®}Assessment Fee
Refer footnote 6
Refer footnote 6
N/A
N/A

Westpac Foreign Currency Transaction Fee
2.0% of the $AUD transaction amount
2.0% of the $AUD transaction amount
N/A
N/A

Dishonour of cheques written or direct debits
$35⁷
$35
$35
N/A

Periodical Payment Not Made fee
$35⁷
$35
$35
N/A

Account overdrawn fee
$40⁷
$40
$40
N/A

Westpac Reward Saver

Westpac Cash Manager

Westpac eSaver

Westpac Term Deposit

1.Bonus interest is payable where bonus interest criteria are met
2.Bonus interest is payable on the full balance when, in a full calendar month, a credit balance is maintained, no withdrawals (except withdrawal of funds to place in a Westpac Term Deposit) and at least one deposit (minimum of $50.00) are made.
3.Accounts opened 'As Trustee For', Student or Youth need to only make a deposit. The minimum $50 deposit does not apply.
4.These channels are not available on Westpac eSaver. A $5 transaction fee will apply if these transactions are performed.
5.Nil for cash withdrawals from participating Global ATM Alliance partners in designated countries. For more information on accessing your accounts overseas including a list of the participating institutions in the Global ATM Alliance.
6.The amount of the MasterCard Assessment Fee will be 0.20% , 0.50% or 1.00% of the $AUD transaction amount depending upon the currency and location of the particular transaction. For further details regarding the calculation of these fees, please refer to the Deposit Accounts For Personal Customer Product Disclosure Statement - Features, Fees and Charges.
7.$10 for selected accounts* with a Student or Youth Package. (*Westpac OneMain, OneSave, Westpac Choice and Westpac Reward Saver).
^.

Other savings accounts

Westpac Reward Saver
Earn bonus interest when you make at least one deposit and no withdrawals.
Westpac eSaver
High daily interest with the convenience to instantly access funds.

1. Interest rate adjustment may apply on early termination of a term deposit. Full terms and conditions available on request. These may be varied, or new terms and conditions introduced in the future. See the Savings and Investment Accounts Comparison Table for a list of current interest rates and fees.
2. Interest paid at maturity is only available for terms of 12 months or less.
3. Interest rate adjustment may apply if funds are withdrawn before maturity.

* For balances between $10,000 and $1,000,000. Interest paid annually. Information current as at Wednesday 20 August 2008. Rates subject to change. Rate subject to term and interest payment frequency. For rates on other balances, terms and interest payment frequencies please call 1300 362 742.

General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

By accessing and viewing this website you agree to be bound by the Terms and Conditions of this website.

Information current as at 10 November 2008

	Westpac Reward Saver	Westpac Cash Manager	Westpac eSaver	Westpac Term Deposit
Account Features
Minimum opening balance	N/A	N/A	N/A	$5,000
Monthly service fee	NIL	$5.00	NIL	NIL
Minimum monthly balance to waive monthly service fee	N/A	$10,000	N/A	N/A
Free transactions (per month)	$2.50 charge for all withdrawals	Unlimited Internet Banking and Automated Telephone Banking electronic transactions only	Unlimited Internet Banking and Automated Telephone Banking electronic transactions only	N/A
Interest	2.00%p.a.(paid monthly)	Tiered (paid monthly)	Tiered (paid monthly)	Current term deposit interest rates
0 < $5,000		0.00% pa	5.10% pa
$5000 < $10,000		0.00% pa	5.10% pa
$10,000 < $20,000		4.05% pa	5.10% pa
$20,000 < $50,000		4.05% pa	5.10% pa
$50,000 < $100,000		4.05% pa	5.10% pa
$100,000 < $250,000		5.05% pa	5.10% pa
$250,000 < $500,000		5.05% pa	5.10% pa
$500,000+		5.05% pa	5.10% pa
Bonus Interest¹	3.40%² pa	N/A	N/A	N/A
Minimum monthly deposit to earn bonus interest	$50³	N/A	N/A	N/A
Excess transaction fees	Yes	Yes	N/A	N/A
Internet Banking	$2.50	NIL	NIL	N/A
Telephone Banking Electronic withdrawal	$2.50	NIL	NIL	N/A
Direct Debit	$2.50	$0.25	N/A⁴	N/A
EFTPOS	$2.50	$0.25	N/A⁴	N/A
Westpac ATM withdrawal	$2.50	$0.50	N/A⁴	N/A
Cheques written	N/A	$0.50	N/A⁴	N/A
Staff-assisted withdrawal	$2.50	$2.50	N/A⁴	N/A
Additional Fees				N/A
Non-Westpac ATM within Australia (cash withdrawal or balance enquiry)	$2.00	$2.00	N/A	N/A
Overseas ATM cash withdrawal⁵	$5.00	$5.00	N/A	N/A
Overseas ATM Balance Enquiry	NIL	NIL	N/A	N/A
MasterCard^{^®}Assessment Fee	Refer footnote 6	Refer footnote 6	N/A	N/A
Westpac Foreign Currency Transaction Fee	2.0% of the $AUD transaction amount	2.0% of the $AUD transaction amount	N/A	N/A
Dishonour of cheques written or direct debits	$35⁷	$35	$35	N/A
Periodical Payment Not Made fee	$35⁷	$35	$35	N/A
Account overdrawn fee	$40⁷	$40	$40	N/A
	Westpac Reward Saver	Westpac Cash Manager	Westpac eSaver	Westpac Term Deposit