Lock in a fixed rate for a range of terms from one month to five years.
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Term deposits
Get more from your savings with a competitive fixed rate and your choice of term, from one month to five years.
Compare our term deposits
- Set up online or over the phone for existing customers
- Manage term deposit online
- Linked transaction account required
- Minimum investment of $1,000, up to $10,000,000.
4.70%
p.a.
for a 12 month fixed term deposit. Interest paid on maturity.
- Set up in a branch, or over the phone for existing customers
- Lock in a fixed interest rate
- Earn interest without a linked bank account
- Minimum investment of $5,000, up to $2,000,000.
4.70%
p.a.
for a 12 month fixed term deposit. Interest paid on maturity.
Rates subject to change.
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Find out how term deposits work, how they’re different to a savings account and what to think about before you invest.
- Interest paid on maturity. Different rates apply to different terms and interest payment frequencies.
- Fees may apply to linked account, which is a requirement of the Bankwest 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).
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.