Business TD Direct

Secure a competitive fixed interest rate for a term that suits your needs.

Benefits

Build wealth

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).

Flexibility

Enjoy flexible interest payment options for terms over 12 months.

Easy access

You can manage your term deposit 24/7 through online banking.

How it works

This is an online term deposit, so you'll need a linked bank account to withdraw or deposit cash. 1 Your linked account can be with Bankwest or any other Australian financial institution. Close

Enjoy seven calendar days' grace when your term deposit matures to work out if you want to withdraw or reinvest.

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.

Rates

Show me

Term Maturity/
Annually
1 month 1.50% p.a.
2 months 1.50% p.a.
3 months
2.35% p.a.
4 months 1.50% p.a.
5 months 1.50% p.a.
6 months 2.50% 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 2.65% p.a.
2 years 2.60% p.a.
3 years 2.60% p.a.
4 years 2.65% p.a.
5 years 2.65% p.a.
More

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).

Apply now

Check your eligibility

  • Your business type is a sole trader, partnership, company, trust, super fund (including self managed super fund), society, strata or cooperative 2 For all other organisations, including government, joint venture and foreign companies, please call us on 13 7000 for information on how to apply.
    Close
  • The business was established and has tax residency in Australia 3 If your business was established or has tax residency outside of Australia, call us on 13 7000 to talk about opening your account.
    Close
  • Your linked account can be with Bankwest or any other financial institution in Australia. It must be held in exactly the same name as your Business TD Direct, and allow direct debits to and from the account (so we can transfer funds from your linked account to your term deposit). 
1

Things you need for your application

  • If anyone connected to your application is new to Bankwest, including account signatories, key decision makers/beneficial owners (through ownership or control), trustees, guarantors and office holders, they'll need photo ID like an Australian driver's licence or passport. Or, see a handy list of other ID we’ll accept.
  • Australian Business Number (ABN). This isn't compulsory, but withholding tax may be applied if it's not provided.
  • The BSB and account number of the linked account
  • Sufficient opening deposit
  • Tax File Number (optional).

2

Some business types may need to provide a bit more...

All documents must be originals or certified copies.

Formal partnership

  • Documentation that verifies the partnership information, such as the partnership agreement


Company

  • Australian Company Number (ACN)


Trust/super fund
(including self managed super fund)

  • Deed front page, schedule and execution/signing page, which shows the name of the trust, trustees, beneficiaries, settlor and settled sum (if applicable)
  • If the trustee is a company, details of that company


Society/strata/cooperative

  • Annual General Meeting minutes showing the election and full names of your Office Holders (President, Chairman, Vice President, Treasurer, Secretary or equivalent)
  • Strata plan or strata title for strata or cooperative
  • Certificate of Incorporation

Already started? Resume your application.

Need help choosing a business account?

Speak with one of our Business Banking Specialists today.

Things you should know

1. Your linked account can be with Bankwest or any other Australian financial institution.

2. For all other organisations, including government, joint venture and foreign companies, please call us on 13 7000 for information on how to apply.

3. If your business was established or has tax residency outside of Australia, call us on 13 7000 to talk about opening your account.