I'm an existing Bankwest customer
Apply faster in online banking
I'm a new Bankwest customer
Use our easy online application
Choose from a wide range of terms from one month to five years and invest from $10,000 to $2,000,000.
Save on fees
No monthly maintenance fees (although fees may apply to your linked account).
Enjoy flexible interest payment options for terms over 12 months.
You can manage your term deposit 24/7 through online banking.
Link your account
This is an online term deposit, so you'll need a linked bank account to withdraw or deposit cash.
Your linked account can be with Bankwest or any other Australian financial institution.
When your term deposit matures
Enjoy seven calendar days' grace when your term deposit matures to work out if you want to withdraw or reinvest.
If your situation changes
Changes aimed at strengthening the banking system mean we require 31 days' notice if you want to withdraw your funds before the maturity date. This can also affect the interest that we pay you. You can still access your money at maturity and during the grace period.
|1 month||1.50% p.a.|
|2 months||1.50% p.a.|
|4 months||1.50% p.a.|
|5 months||1.50% p.a.|
|6 months||2.55% p.a.|
|7 months||1.50% p.a.|
|8 months||1.50% p.a.|
|9 months||1.50% p.a.|
|10 months||1.50% p.a.|
|11 months||1.50% p.a.|
|1 year||2.45% p.a.|
|2 years||2.45% p.a.|
|3 years||2.45% p.a.|
|4 years||2.50% p.a.|
|5 years||2.55% p.a.|
Note: Rates may change between now and when you apply for the Term Deposit.
For deposits with a term of 12 months or greater you may ask us to pay your interest monthly, quarterly, six monthly or annually; however, the rate applicable may vary depending on the interest payment frequency (note, interest must be paid at least once a year and cannot be paid only at maturity).
View our Business TD Direct terms and conditions
Things you need for your application
Some business types may need to provide a bit more...
All documents must be originals or certified copies within the last three months.
Trust/super fund (including self managed super fund)
Already started? Resume your application.
Things you should know