BankWest term deposits
BankWest's overall rating for term deposits is
7.3(as rated by the Mozo community)
BankWest offers the following term deposits
Note that a short term deposit is less than 1 year; therefore a long term deposit is 1 year or more.
| Product | Interest Rate (1 year) |
Interest Rate (30 days) |
Interest Payment Options* |
|---|---|---|---|
| bankwest tddirect ($1000 to $5000000) | 6.00% | monthly, quarterly, half-yearly | |
| Gold Term Deposit ($5000 to $2000000) | 6.00% | monthly, quarterly, half-yearly | |
| bankwest tddirect ($1000 to $5000000) | maturity | ||
| Gold Term Deposit ($5000 to $2000000) | 2.00% | maturity |
*Different interest rates apply to different amounts or different interest payment frequencies.
BankWest is the bank best known for its Happy Banking initiative, which aims to make banking a more positive experience. Originally from Western Australia, BankWest has attracted thousands of customers around the country with its competitively priced products such as the TeleNet Saver account. In
late 2008 the bank was bought by the Commonwealth Bank, who have promised to retain the BankWest brand. So if you like the sound of Happy Banking, check out BankWest’s range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.
Reviews of BankWest term deposits
| Diana from Western Australia, a BankWest term deposit customer. | 5Overall Rating | ||
| Interest rates are reasonable. For long-term customers they should provide a rewards program or let them know of better rates of return near the end of the maturity of the deposits. Better service to service because they constitute a big % of their customers.This are not so au fait with technology so rely more on written communication to increase the return on their savings/deposits and find it increasingly necessary to get a better returnbecause cost of living is tearing ahead. Reviewed 14 days ago |
|
| Angela from New South Wales, a BankWest term deposit customer. | 9Overall Rating | ||
| Pros: * BankWest's rates for term deposits are definitely the most competitive. (I research this whenever it is time to rollover and I always find BankWest's to be best.) * They always make me well aware in advance of when the term is coming to an end by mail and phone. * Their staff are always helpful and accommodating in the branch and on the phone. Cons: * The only negative aspect relating to term deposits is that the customer needs to be flexible when renewing the term to ensure that you receive the best interest rate. That is, one term's best rate may only be for 3 months, then the next term may be 11 months; so you need to be vigilant and make sure you renew at the best rate. Reviewed 15 days ago |
|
| Barbara from Western Australia, a BankWest term deposit customer. | 9Overall Rating | ||
| Very good interest on fix term deposits. very friendly and professionell service. No Dislikes. Reviewed 15 days ago |
|
| Anthony from New South Wales, a BankWest term deposit customer. | 8Overall Rating | ||
| They seem to want signatures even if applying through internet using existing bankwest account. Reviewed 21 days ago |
|
How are other BankWest products rated by the Mozo community?
| Product Type | Overall | Price | Features | Service | Convenience | Trust |
|---|---|---|---|---|---|---|
| BankWest home loans | 6.7 250 REVIEWS | 6.8 | 6.2 | 6.6 | 6.7 | 6.3 |
| BankWest term deposits | 7.3 53 REVIEWS | 7.3 | 5.5 | 6.9 | 7.2 | 7.0 |
| BankWest savings accounts | 7.5 368 REVIEWS | 7.3 | 6.0 | 7.5 | 7.7 | 7.5 |
| BankWest bank accounts | 7.4 199 REVIEWS | 7.0 | 6.1 | 7.1 | 7.4 | 7.1 |
| BankWest credit cards | 6.9 243 REVIEWS | 6.4 | 5.5 | 6.7 | 7.4 | 6.9 |
| BankWest personal loans | 6.9 48 REVIEWS | 6.4 | 5.8 | 6.8 | 6.6 | 6.7 |
Other providers of term deposits
With so many different term deposits on the market now, it's a tough call to pick the best one. Mozo is Australia's online money info zone, with all the objective information you need to make the right term deposit choice. You can find and compare BankWest term deposits with Mozo or check out these other providers.
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