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How do I establish a new Term Deposit?

  • Log into Corporate Online
  • From the Term Deposit menu, select Manage > Quotes
  • Select Get a new quote
  • Enter the term deposit details, then click Get a quote Now
  • Click Accept rate
  • Enter the deposit particulars, then click Continue
  • Enter the remaining particulars, then click Continue
  • Click Authorise now.

This Term Deposit Training guide (PDF 465KB) is available to assist you in creating your term deposits in Corporate Online with Westpac.

Who can create or authorise a Term Deposit?

  • A minimum of two users in Corporate Online are required to establish a term deposit – one with creator access for term deposits and another with authoriser access.
  • A creator will generally be a SAM and will be responsible for checking rates, obtaining a quote and initiating the term deposit request in Corproate Online.
  • An authoriser will generally be the Principal. The authoriser will log in to Corporate Online to complete the final acceptance of the term deposit by authorising the request set up by the creator.
  • Creators and Authorisers for Term Deposits can be created by your Corporate Online Administrator, this is generally your Principal.
  • Term deposits cannot mature on Weekends, Bank or Public Holidays. It is recommended that School Term Deposits are not scheduled for maturity during school holiday periods.
Things you should know

Westpac is authorised in the United Kingdom by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Westpac operates in the United States of America as a federally chartered branch, regulated by the Office of the Comptroller of the Currency.