Westpac Term Deposit
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The details shown below are for the Term Deposit
The details shown below are for the Term Deposit Special
Choose the version of this loan that suits you best
| Name | |
|---|---|
| | Term Deposit |
| | Term Deposit Special |
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Term Deposit
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Term Deposit Special
1.95% p.a.4 months
yes
Westpac Term Deposit
1.95% p.a.4 months
yes
1.95% p.a.6 months
yes
Westpac Term Deposit
1.95% p.a.6 months
yes
Mozo Review Westpac Term Deposit Review
Last updated: 16 July 2019.
What's hot:
1.75% interest for a 1 year term (balances over $5,000)
1.70% interest rate for 5 year term (balances over $5,000)
Option to have interest paid to another bank
What's not:
31 days notice to withdraw funds
Mozo snapshot:
If you’ve got a decent chunk of change to tuck away for a little while, why not consider the Westpac Term Deposit? With great rates on terms between 1 month and five years, the Westpac Term Deposit can get you well on your way to hitting your savings goals.
Key features:
Fancy a term deposit with a big bank? Then you might want to check out the Westpac Term Deposit. This term deposit offers a 1.75% interest rate on a one year term, a rate of 1.70% on a three year or five year term. However, you’ll need a balance of over $5,000 to apply.
While there’s no problem to have your interest paid to another bank, you will need to let Westpac know 31 days in advance if you plan to make a withdrawal, which can be an issue if you need the cash fast.
Another thing to keep in mind is that the Westpac Term Deposit features an automatic rollover, so if you no longer want to keep your term deposit open after it reaches maturity, you will need to let Westpac know.
Who it's good for:
The Westpac Term Deposit could be a great pick for Aussie savers looking to open a term deposit with a big bank who have a minimum deposit of $5,000.
Any catches?
While the Westpac Term Deposit aims to give you the best return on your savings stash during your chosen term, just keep in mind that there is an automatic rollover. So if you no longer want to keep the term deposit open, you’ll need to let Westpac know before the maturity date.
Details
Rates and fees information correct as at 22 July 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
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1.25% p.a. ($5,000 to $250,000)
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1.40% p.a. ($5,000 to $250,000)
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1.95% p.a. ($5,000 to $5,000,000)
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1.95% p.a. ($5,000 to $250,000)
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1.50% p.a. ($5,000 to $250,000)
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1.65% p.a. ($5,000 to $250,000)
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1.50% p.a. ($5,000 to $250,000)
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1.50% p.a. ($5,000 to $250,000)
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1.55% p.a. ($5,000 to $250,000)
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1.55% p.a. ($5,000 to $250,000)
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1.55% p.a. ($5,000 to $250,000)
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1.75% p.a. ($5,000 to $250,000)
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1.70% p.a. ($5,000 to $250,000)
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1.70% p.a. ($5,000 to $250,000)
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1.70% p.a. ($5,000 to $250,000)
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1.70% p.a. ($5,000 to $250,000)
Other financial bits
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$5,000.00
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$5,000,000.00
Features
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direct credit, cheque, cash
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yes
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yes
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31 days notice required if customers want to withdraw their funds before the maturity date.
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none
Details
Rates and fees information correct as at 22 July 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
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1.95% p.a. ($5,000 to $5,000,000)
Other financial bits
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$5,000.00
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$5,000,000.00
Features
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direct credit, cheque, cash
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yes
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yes
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Interest paid at maturity, offer available on new term deposits until 16th July 2019. 31 days notice required if customers want to withdraw their funds before the maturity date.
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none
Customer Reviews
This product is not currently reviewed.
About Westpac
Promoted
MyState Bank
Term Deposit
2.10% p.a.
$5,000.00
