Westpac term deposit reviews

Westpac
Westpac's overall rating for term deposits

(as rated by the Mozo community)

7.5 / 10

based on 355 reviews

Price

Features

Customer service

Convenience

Trust

Featured term deposit from Westpac

Westpac Term Deposit

interest rate*

2.20% p.a.

Minimum deposit

$5,000.00

 Contact provider or click here for more Westpac term deposits

Recent Westpac term deposit reviews

Westpac

Westpac term deposit review

Overall rating   10 / 10

Sufficient and good

Fast and understanding.

Full review

Fast and understanding.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Agavale, Victoria, reviewed 3 months ago

Westpac

Westpac term deposit review

Overall rating   5 / 10

Friendly service

They contacted me to change accounts so I can receive a better return.

Full review

They contacted me to change accounts so I can receive a better return.

    Price   4 / 10

    Features   5 / 10

    Customer service   6 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

Susan, Victoria, reviewed 4 months ago

Westpac

Westpac term deposit review

Overall rating   9 / 10

Excellent

Excellent interest rates.

Full review

Excellent interest rates.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Erika, Western Australia, reviewed 4 months ago

Westpac

Westpac term deposit review

Overall rating   3 / 10

Getting better deals with them is hard

I always have to ask to get the best rate. They never offer it.

Full review

I always have to ask to get the best rate. They never offer it.

    Price   3 / 10

    Features   0 / 10

    Customer service   4 / 10

    Convenience   3 / 10

    Trust   2 / 10

Less

Mandy, Queensland, reviewed 4 months ago

Westpac

Westpac term deposit review

Overall rating   10 / 10

Helpful

Very helpful staff with everything asked explained in detail.

Full review

Very helpful staff with everything asked explained in detail.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Erika, Western Australia, reviewed 4 months ago

Westpac

Westpac term deposit review

Overall rating   9 / 10

Never any problems

Long time customers and have had no problems, they've always kept me informed.

Full review

Long time customers and have had no problems, they've always kept me informed.

    Price   9 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Paul, New South Wales, reviewed 7 months ago

Westpac

Westpac term deposit review

Overall rating   9 / 10

Never any problems

Long time customers and have had no problems, they've always kept me informed.

Full review

Long time customers and have had no problems, they've always kept me informed.

    Price   9 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Paul, New South Wales, reviewed 7 months ago

Westpac

Westpac term deposit review

Overall rating   10 / 10

Family bank

Good customer service and feels right for my family.

Full review

Good customer service and feels right for my family.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Carol, New South Wales, reviewed 12 months ago

Westpac

Westpac term deposit review

Overall rating   6 / 10

Great service

Good service

Full review

Good service

    Customer service   10 / 10

    Convenience   6 / 10

    Trust   10 / 10

Less

Wilhelm, New South Wales, reviewed about 1 year ago

Westpac

Westpac term deposit review

Overall rating   0 / 10

Westpac should treat customers individually.

Not only is the Bank greedy to the ninth degree, the particular branch I deal with is ignorant for being too gutless to answer my correspondence (a formal letter not an email).

Full review

Not only is the Bank greedy to the ninth degree, the particular branch I deal with is ignorant for being too gutless to answer my correspondence (a formal letter not an email).

    Price   9 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Jean, New South Wales, reviewed about 1 year ago

Westpac

Westpac term deposit review

Overall rating   9 / 10

Good at handling my account

I am confident with the way they handle my accounts

Full review

I am confident with the way they handle my accounts

    Price   6 / 10

Less

Trevor, Australian Capital Territory, reviewed over 1 year ago

Westpac

Westpac term deposit review

Overall rating   9 / 10

I can do all banking online

Great bank - been with them for 50 plus years.

Full review

Great bank - been with them for 50 plus years.

    Price   6 / 10

Less

Ross, Queensland, reviewed over 1 year ago

Westpac

Westpac term deposit review

Overall rating   10 / 10

Great service

I was with another bank and wpac bought them out and iv been with them ever since (45yrs)

Full review

I was with another bank and wpac bought them out and iv been with them ever since (45yrs)

    Price   10 / 10

Less

Ann, Western Australia, reviewed over 1 year ago

Westpac

Westpac term deposit review

Overall rating   5 / 10

high Interest rates on savings

interest rates on savings terrible hidden charges

Full review

interest rates on savings terrible hidden charges

    Price   0 / 10

Less

Marlene, New South Wales, reviewed almost 2 years ago

Westpac

Westpac term deposit review

Overall rating   2 / 10

Premiums appear competitive

    Price   1 / 10

Less

Frank, Western Australia, reviewed about 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Term deposit comparisons on Mozo - rates updated daily

  • firstmac Term Deposit

    firstmac Term Deposit

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months

    interest rate*

    2.75% p.a.
    6 months

    Minimum deposit

    $5,000

    		 Go to site

    More info

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Need more information?
    Go to site

    More info

  • Citi Term Deposit Special

    Citi Term Deposit Special

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate

    interest rate*

    2.70% p.a.
    6 months

    Minimum deposit

    $100,000

    		 Go to site

    More info

    • Competitive rates for new to bank funds
    • $0 Setup and account-keeping fees
    • Guaranteed interest rate
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.7

    Based on 15 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • RaboDirect Term Deposit

    RaboDirect Term Deposit

    • Guaranteed return on your savings
    • Start with as little as $1,000
    • Interest paid monthly, quarterly, half yearly or yearly (reduced rates may apply)

    interest rate*

    2.85% p.a.
    6 months

    Minimum deposit

    $1,000

    		 Go to site

    More info

    • Guaranteed return on your savings
    • Start with as little as $1,000
    • Interest paid monthly, quarterly, half yearly or yearly (reduced rates may apply)
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    8.0

    Based on 41 RaboDirect term deposit reviews

    Need more information?
    Go to site

    More info

  • UBank Green Term Deposit

    UBank Green Term Deposit

    • No fees whatsoever
    • Choice of a 1, 3, 6, 9 or 12-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process

    interest rate*

    2.65% p.a.
    10 months

    Minimum deposit

    $1,000

    		 Go to site

    More info

    • No fees whatsoever
    • Choice of a 1, 3, 6, 9 or 12-month term for deposits from $1,000 - $2 million
    • Quick and easy account opening process
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: Yes
    • Automatic rollover: Yes
    Overall rating

    8.3

    Based on 100 UBank term deposit reviews

    Need more information?
    Go to site

    More info

*Different interest rates apply to different amounts or different interest payment frequencies.

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*Different interest rates apply to different amounts or different interest payment frequencies.

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