Westpac Term Deposit Interest Rates

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Rate is applicable for deposit amounts between $5,000 and $249,999 The rate of 1.50% is 0.35% lower than the average 1.85%. Also it is 1.3% lower than the highest rate 2.80 Updated Aug, 2019. Just back in 2009, the average big four term deposit rate was 5.25%, when the RBA cash rate was 7.2%. In fact, a few decades ago you could get your hands on a term deposit with an interest rate of 17%. Today's deposit rates really pale in comparison with interest rates. Any bonus rates offered above may only be available through Westpac Live Online Banking. Westpac Live will be available to update Term Deposits from 8:00am to 9.30pm on a Business Day and 8:00am to 4:00pm Saturdays (Sydney time) Rate applies for a single term. Higher or lower rates. 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.

To earn a guaranteed rate of return on your funds over a fixed period.

Features and benefits

Deposit
  • No monthly account service fee or establishment fee
  • High fixed interest rate on balances of $1,000 and above1
  • A range of fixed investment terms available to suit your needs
  • Interest paid 6 monthly and at maturity2.


Fees

Refer to the Fiji Customer Service Fees Booklet for details (PDF 98KB)

Here's what to do.

To open a Westpac personal bank account, you'll need to provide us with a signed and completed personal account opening form, along with some current identification documents.

Nab Term Deposit

We need to verify the following:

Westpac Term Deposit Interest Rates Fixed

  1. Full name
  2. Date of birth
  3. Residential address
  4. Occupation
  5. Photo identification and signature
  6. Citizenship
  7. Income source documentation

To ensure these 7 points above are verified, we need at least two primary ID documents or one primary plus two secondary ID documents. All documents must be original and current unless specified. If additional documents are required, we'll let you know.

Westpac Fiji Term Deposit Interest Rates

Download the Opening a Personal Bank Account Brochure (PDF 129KB) for a list of accepted Identification and Additional Identification required for non-residents. Visit your branch or call 132032 for more information.

Need help?

Which Bank Has The Best Term Deposit Interest Rate

Simply speak to a Banking Representative by calling 132 032.

Westpac Term Deposit Interest Rates Calculator

Things you should know


Conditions apply. Offer excludes corporate, institutional and government customers. If you are on a special rate and your Term Deposit rolls over automatically, the Term Deposit may be automatically re-invested at a lower rate than the current interest rate.

1. Interest rate adjustment may apply if funds are withdrawn before maturity.

2. Once your fixed term ends, you can withdraw your funds via bank cheque, cash or direct credit into another bank account.





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