Sign in to renew

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TERM DEPOSIT CALCULATOR

Calculate your earnings, then add in any
bonuses you’re eligible for.

New to Westpac?

Find out what you could earn

- then add bonuses
Choose an amount and a term to see what you
could earn with a standard Term Deposit available
in branch. If you apply in Online Banking, you may
also be eligible for multiple bonus rates.
 
Add 0.10% p.a. to these rates if you’re
already with Westpac and opening or
renewing online.1
Check for additional bonus rates when you
sign in.

I would like to deposit

Minimum $5,000

$ 5000

For a period of
Maximum 60 months

60 months

I would like my interest paid

Monthly Yearly At maturity

Find a rate

Shorter term

48 months

$5,800.55
at 4.00% p.a.

Initial deposit $5,000.00

Interest earnt $800.55

Your result

60 months

$6,001.10
at 4.00% p.a.

Initial deposit $5,000.00

Interest earnt $1,001.10

Renew online

Open now

View all rates

Who can apply online?

With us already

If you’re 18+ and already bank online with us,

you can sign into your account, check for
bonus rates, and open a Term Deposit in your
name – or renew one. 
 

Open

Renew

New to Westpac

Already with Westpac?

Check rates and bonuses for new Term

Deposits online.

Sign in to check rates

New to Westpac

Apply in branch. Or open an everyday

account then apply for a Term Deposit
online.

Browse accounts

Deposit about to mature?

Manage your Term Deposit online

choosing to renew or withdraw.

Sign in to manage

Things you should know

Any bonus rates offered above may only be

available through Westpac Online Banking.

Term Deposits & Farm Management

Deposits - Terms and Conditions (PDF 146KB)
Important Information Document (PDF 1MB)
Find out what information you need to
provide to become a customer (PDF 657KB)

 
1. Online bonus rate is only available for Term
Deposits between $5,000 - $5,000,000
opened or renewed by existing customers via
Online Banking (during the Variation Period).
The bonus rate will be applied in conjunction
with any other bonus rate that may apply. Not
available for customers who are not able to
open or renew digitally (e.g. some joint
accounts), Commercial Bank, Private Bank or
Westpac Institutional Bank customers, for Farm
Management Deposits or Term Deposits held
as security. Rate applies for a single term.
Higher or lower rates may apply for
subsequent terms. Rate will not be
automatically applied to a renewing Term
Deposit. You must provide a minimum of 31
days’ notice to access funds prior to maturity
(except in cases of hardship). If the deposit or
any part of it is withdrawn early, an interest
rate adjustment will normally apply. We reserve
the right to withdraw, amend or extend this
offer at any time. 

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For Westpac issued products, conditions, fees and charges

apply. These may change or we may introduce new ones in the
future. Full details are available on request. Lending criteria
apply to approval of credit products. This information does not
take your personal objectives, circumstances or needs into
account. Consider its appropriateness to these factors before
acting on it. Read the disclosure documents for your selected
product or service, including the Terms and Conditions, before
deciding. Target Market Determinations for the products are
available. Unless otherwise specified, the products and services
described on this website are available only in Australia from ©
Westpac Banking Corporation ABN 33 007 457 141 AFSL and
Australian credit licence 233714.