Rates and fees verified as correct at 25 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? |
|---|---|---|---|
| Term Deposit | 0.60% p.a.1 year | $5,000.00 | yes |
| Term Deposit Special | 0.60% p.a.6 months | $5,000.00 | yes |
Different interest rates apply to different amounts or different interest payment frequencies.
† 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.
Mozo users have rated Westpac term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
363 Reviews
We have had a term deposit for many years. It has always been easy to re invest with this bank and customer service at my branch is exceptional. Obviously the interest rate is a little disappointing and I’d like to see some reward for reinvesting multiple times and also for the amoun of investment. Eg the more I put in my term deposit, the higher I’d like the rate to be. This is the case to some extent, but doesn’t go far enough in my opinion.
Read full reviewWe have had a term deposit for many years. It has always been easy to re invest with this bank and customer service at my branch is exceptional. Obviously the interest rate is a little disappointing and I’d like to see some reward for reinvesting multiple times and also for the amoun of investment. Eg the more I put in my term deposit, the higher I’d like the rate to be. This is the case to some extent, but doesn’t go far enough in my opinion.
My review relates to Westpac/RAMS, the term deposit was quick to set up, however, the $250 minimum deposit without withdrawals seems a little excessive for the financial return. In saying that there is little in the market that betters their terms.
Read full reviewMy review relates to Westpac/RAMS, the term deposit was quick to set up, however, the $250 minimum deposit without withdrawals seems a little excessive for the financial return. In saying that there is little in the market that betters their terms.
Always had very good service. Helped with a scam problem. Staff are very efficient and friendly.
Read full reviewAlways had very good service. Helped with a scam problem. Staff are very efficient and friendly.
Great service, would recommend.
Read full reviewGreat service, would recommend.
