The Bankwest Gold Term Deposit hits the ground running with competitive interest rates and a wide selection of term options ranging from 1 month to 5 years. Not to mention, this account comes with a few savings-savvy features, including, the ability to have your interest paid into another bank account.
The Bankwest Gold Term Deposit gets the ball rolling with interest rates that start from 2.00% p.a. for a 1 month term and go right up to 4.80% p.a for a 9 month term - just be aware that the rate you get will depend on the term you choose.
Speaking of terms, this account offers loads of term options, ranging from 1 month terms all the way up to 5 year terms, so whether you’re looking to lock away your savings for a short time or long time, Bankwest has a number of terms to suit your needs.
The Bankwest Gold Term Deposit has a minimum deposit amount of $5,000 and a maximum deposit amount of $2,000,000.
The Bankwest Gold Term Deposit offers a selection of features to help give you a boost on your savings journey, including the ability to have the interest you earn paid into another bank account.
The Bankwest Gold Term Deposit account also comes with an automatic rollover feature which allows you to roll your account over should you choose to continue on for another term once your account reaches maturity. However, just make sure that you’ve still got a competitive deal first otherwise you could risk missing out on a better deal elsewhere because you’ve locked yourself into another term.
From it’s range of flexible account features to its wide range of term options - if you’re after a solid term deposit account to lock your money away in, then the Bankwest Gold Term Deposit could be just the thing you’re after.
The Bankwest Gold Term Deposit, like most term deposit products, requires a minimum of 31 days notice if you’d like to withdraw funds from your account before it reaches maturity.
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2.00% p.a. ($5,000 to $2,000,000) |
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2.00% p.a. ($5,000 to $2,000,000) |
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3.75% p.a. ($5,000 to $2,000,000) |
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3.00% p.a. ($5,000 to $2,000,000) |
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3.00% p.a. ($5,000 to $2,000,000) |
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4.25% p.a. ($5,000 to $2,000,000) |
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4.00% p.a. ($5,000 to $2,000,000) |
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4.00% p.a. ($5,000 to $2,000,000) |
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4.80% p.a. ($5,000 to $2,000,000) |
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4.00% p.a. ($5,000 to $2,000,000) |
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4.00% p.a. ($5,000 to $2,000,000) |
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4.75% p.a. ($5,000 to $2,000,000) |
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4.40% p.a. ($5,000 to $2,000,000) |
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4.00% p.a. ($5,000 to $2,000,000) |
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4.00% p.a. ($5,000 to $2,000,000) |
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4.00% p.a. ($5,000 to $2,000,000) |
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$5,000.00 |
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$2,000,000.00 |
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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 |
Different interest rates apply to different amounts or different interest payment frequencies.
I don't dislike this bank, I don't particularly like any bank. I have chosen this bank because it used to be Western Australia owned and their interest rates for term deposits were quite high. Of course, they are not longer WA owned and their interest rates have fallen as well. I guess its just complacency that I have stuck with this bank.
Read full reviewI don't dislike this bank, I don't particularly like any bank. I have chosen this bank because it used to be Western Australia owned and their interest rates for term deposits were quite high. Of course, they are not longer WA owned and their interest rates have fallen as well. I guess its just complacency that I have stuck with this bank.
Great interest rates. Customer service is very helpful and friendly. Very prompt in sending me further details on my accounts.
Read full reviewGreat interest rates. Customer service is very helpful and friendly. Very prompt in sending me further details on my accounts.
The interest is good and I love their service, and I know that I am safe with them because the security is good.
Read full reviewThe interest is good and I love their service, and I know that I am safe with them because the security is good.
Having a term deposit accruing interest for a period over three years untouched..... the Federal Govt confiscated the entire account in excess of $12,000. The bank never notified me of the theft from my account. I remained unaware until a Financial Advisory Co contacted me offering retrieval after a fee of $450 was forwarded.
Read full reviewHaving a term deposit accruing interest for a period over three years untouched..... the Federal Govt confiscated the entire account in excess of $12,000. The bank never notified me of the theft from my account. I remained unaware until a Financial Advisory Co contacted me offering retrieval after a fee of $450 was forwarded.
Initially only few branches, however there are now many branches Australia wide so it's a lot more convenient. Always easy to contact via phone.
Read full reviewInitially only few branches, however there are now many branches Australia wide so it's a lot more convenient. Always easy to contact via phone.
