I'm an existing Bankwest customer
Apply faster in Online Business Banking
I'm a new Bankwest customer
Use our easy online application
Secure a competitive fixed interest rate for a term that suits your needs.
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||0.50% p.a.|
|2 months||0.75% p.a.|
|4 months||1.00% p.a.|
|5 months||1.00% p.a.|
|6 months||1.20% p.a.|
|7 months||1.00% p.a.|
|8 months||1.00% p.a.|
|9 months||1.00% p.a.|
|10 months||1.00% p.a.|
|11 months||1.00% p.a.|
|1 year||1.15% p.a.|
|2 years||1.15% p.a.|
|3 years||1.20% p.a.|
|4 years||1.25% p.a.|
|5 years||1.30% p.a.|
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.