Bankwest Gold Term Deposit Now at Market Leading 7.10 percent p.a.

Bankwest today reaffirmed its challenger role and commitment to offering Australians greater banking choice by increasing the rate on its Gold Term Deposit offering up to a market leading 7.10% PA.

One of Bankwest's more popular offerings, the Gold TD has a high guaranteed return as long as you make no withdrawals with the added benefit of no bank fees.

Interest ranges from a competitive 4.46% PA for 12 months up to a market leading 7.10% PA for 60 months fixed term.

"Our great new Gold TD rates once again prove that Bankwest is committed to remaining highly competitive by offering Australians a range of highly innovative products," said Bankwest Head of Deposits, Juan Perez.

"With interest rates at an all time low now is a great time for customers to look to lock in a high interest rate on their cash savings."

Mr Perez said another benefit was that customers also had ten days to consider their options once their term deposit matured.

"Our new rates make Gold TD even more competitive and offer customers a range of innovative options to take the hassle out of banking," he said.

For more information please contact:

Adrian Bradley
Bankwest Corporate Affairs
adrian.bradley@bankwest.com.au

This product is issued by Bank of Western Australia Ltd ABN 22 050 494 454 AFSL 236872, a member of the CBA group. You should consider the Product Disclosure Statement (PDS) and whether the product is right for you. A PDS is available at bankwest.com.au, from your local Bankwest branch or via 13 17 18. The account requires a minimum deposit of $5,000. There is a $2,000,000 maximum investment limit per customer. Rates are subject to change.

About Bankwest
Bankwest is a wholly owned subsidiary of the Commonwealth Bank (Group). Bankwest is a full service bank which originated in Western Australia in 1895 and services more than 900,000 customers. Bankwest promotes a range of products using cost-effective direct and third party distribution channels, including 24-hour telephone and internet services and mortgage brokers. In WA, Bankwest is a market leader with about one quarter of all bank advances and deposits and an extensive network of branches. Standard & Poor's short-term credit rating for Bankwest is "A- 1+" and "AA" for the long term, providing customers with investment grade security.