Term Deposit Fixed Rate Savings
Benefits of a Westpac Term Deposit
Fixed return
With a fixed interest rate over a fixed term, you’ll know exactly how much you’re going to earn.
Choice of terms
Pick a term from 1 month to 5 years, knowing your money will be invested securely.
Easy to manage
Easily view and manage your investment in Online Banking and the Westpac App.
Options at maturity
Choose whether to withdraw funds or reinvest, or set up instructions in advance.
How much could I earn?
Use our calculator to find out how much your investment could earn. Choose whether to have your interest paid monthly, yearly, or at maturity.
How do I renew or manage my Term Deposit?
In Online Banking or the Westpac App
You need to be an existing customer with a Westpac Choice account:
- Maturing Term Deposit: opt-in to get notified via email and your Online Banking Message Centre
- Renewal or withdrawal instructions: set up in advance, then update whenever you want to
- Choose a new term or withdraw funds: renew using all or some of your funds, moving the rest into your eligible everyday account.
Learn more about managing your Term Deposit.
Frequently asked questions
To open or renew a Term Deposit online, you need to be a Westpac customer with a Choice account.
If your Term Deposit is for a business, a trust, or a self-managed super fund, or if you want a joint account, you must visit a branch.
Help when you need it
