A Westpac Term Deposit lets you invest your money with the certainty of a fixed interest rate and a choice of terms.
Category: Term Deposits Last Updated October 18, 2024 Effective November 1, 2024
Product Features
Digital Banking
OtherAdditional Information: Personal Customers can open account either by Branch, Phone or Online.
OtherAdditional Information: Statements sent includes confirmation, maturity, renewal and repayment advices
Fraud ProtectionAdditional Information: The product includes limited fraud protection features.
Relationship ManagementAdditional Information: Relationship management is available for eligible customers.
OtherAdditional 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.
OtherAdditional Information: Enjoy $0 monthly fees for 12 months. Open a new Westpac Choice account online by 30 September 2025 to have the monthly Account-Keeping Fee waived for the first 12 months. Pay no Account-Keeping Fee for the first 12 months on your new Westpac Choice account and save $5 a month. You?ll then be able to open a Westpac term deposit online, using your new Choice account to deposit money into the term deposit. T&Cs and eligibility criteria apply
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..
Bank Fees and Charges
Account Keeping Fee (Periodic), Amount: 5.00.
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.