7.7 / 10

based on 5842 reviews as rated by Mozo community

Bankwest term deposits

Bankwest is all about making your finances simple. Originally from Western Australia, Bankwest has attracted thousands of customers around the country with its competitively priced products such as the Hero Saver. In late 2008 the bank was bought by the Commonwealth Bank, which has promised to retain the Bankwest brand. So if you like the sound of simple banking, check out Bankwest's range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.

Bankwest offers the following term deposits

Rates and fees verified as correct at 30 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Best rate (up to 1 year) Minimum deposit Interest paid to another bank?
Gold Term Deposit

0.60% p.a.6 months

$5,000.00

yes

Online Term Deposit

0.65% p.a.6 months

$1,000.00

yes

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

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How are Bankwest term deposits rated?

Mozo users have rated Bankwest term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
Bankwest term deposits
Overall
7.7/10
Price
Features
Customer service
Convenience
Trust

168 Reviews

Recent Bankwest term deposit reviews

Bankwest Term Deposit review
Overall 9/10
Better bank than the main four.

I have been banking with this bank for more than 20 years and wouldn't change it. It has competitive rates and they take good care of customers.

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I have been banking with this bank for more than 20 years and wouldn't change it. It has competitive rates and they take good care of customers.

Price
8/10
Features
6/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Anna, Western Australia reviewed 3 months ago
Bankwest Term Deposit review
Overall 10/10
Bankwest has provided me with 20 years of service

Reliable, efficient and trustworthy.

Read full review

Reliable, efficient and trustworthy.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
David, Western Australia reviewed 3 months ago
Bankwest Term Deposit review
Overall 9/10
Good old fashion customer service is impeccable.

Bankwest is a reputable bank from the west Australian people. They have great savings accounts that enables you to totally save money each and every month with a 2.2% interest rate fo their hero saver which is really impressive. However the term deposit was a bit of a let down because it took me 31 days to finally access my money.

Read full review

Bankwest is a reputable bank from the west Australian people. They have great savings accounts that enables you to totally save money each and every month with a 2.2% interest rate fo their hero saver which is really impressive. However the term deposit was a bit of a let down because it took me 31 days to finally access my money.

Price
7/10
Features
5/10
Customer service
6/10
Convenience
1/10
Trust
10/10
Less
Emmy, Western Australia reviewed almost 2 years ago
Bankwest Term Deposit review
Overall 10/10
Happy

Happy to use Bankwest's term deposit.

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Happy to use Bankwest's term deposit.

Price
8/10
Customer service
10/10
Convenience
7/10
Less
Allan, Western Australia reviewed about 2 years ago

Term deposit quick links