If you’re a new or existing customer, we can help get you set up in a branch.
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Gold Term Deposit
Lock in a fixed rate for a range of periods from one month to five years.
Switch to more fruitful returns with 4.70% p.a. for 12 months
You'll have peace of mind knowing your savings are growing in a great place. 2
Benefits
How it works
Set it up
Apply in a branch or call us if you’re an existing customer. Choose a term that suits you and transfer your chosen amount (minimum $5,000) into your term deposit.
At the end of the term
You have seven days’ grace period to decide what to do once your term deposit matures, and we'll remind you ten days before your grace period starts. If you do nothing by the end of your grace period, your funds will be reinvested at the same term at the rate applicable at the time of maturity.
If your situation changes
31 days' notice is required 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
Rates
Show me
| Term | Rate |
|---|---|
|
1 month
|
2.00% p.a.
|
|
2 months
|
2.00% p.a.
|
|
3 months
|
3.75% p.a.
|
|
4 months
|
3.00% p.a.
|
|
5 months
|
3.00% p.a.
|
|
6 months
|
4.25% p.a.
|
|
7 months
|
4.00% p.a.
|
|
8 months
|
4.00% p.a.
|
|
9 months
|
4.70% p.a.
|
|
10 months
|
4.00% p.a.
|
|
11 months
|
4.00% p.a.
|
|
12 months
|
4.70% p.a.
|
Term
Rate
1 month
2.00% p.a.
2 months
2.00% p.a.
3 months
3.75% p.a.
4 months
3.00% p.a.
5 months
3.00% p.a.
6 months
4.25% p.a.
7 months
4.00% p.a.
8 months
4.00% p.a.
9 months
4.70% p.a.
10 months
4.00% p.a.
11 months
4.00% p.a.
12 months
4.70% p.a.
| Term | Maturity/annually | Half-yearly | Quarterly | Monthly |
|---|---|---|---|---|
|
12 months
|
4.70% p.a.
|
4.65% p.a.
|
4.62% p.a.
|
4.60% p.a.
|
|
24 months
|
3.90% p.a.
|
3.86% p.a.
|
3.84% p.a.
|
3.83% p.a.
|
|
36 months
|
3.80% p.a.
|
3.76% p.a.
|
3.75% p.a.
|
3.74% p.a.
|
|
48 months
|
3.80% p.a.
|
3.76% p.a.
|
3.75% p.a.
|
3.74% p.a.
|
|
60 months
|
3.80% p.a.
|
3.76% p.a.
|
3.75% p.a.
|
3.74% p.a.
|
Term
Maturity/annually
Half-yearly
Quarterly
Monthly
12 months
4.70% p.a.
4.65% p.a.
4.62% p.a.
4.60% p.a.
24 months
3.90% p.a.
3.86% p.a.
3.84% p.a.
3.83% p.a.
36 months
3.80% p.a.
3.76% p.a.
3.75% p.a.
3.74% p.a.
48 months
3.80% p.a.
3.76% p.a.
3.75% p.a.
3.74% p.a.
60 months
3.80% p.a.
3.76% p.a.
3.75% p.a.
3.74% p.a.
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).
Rates displayed are current and were last updated on 4 September 2024.
Interest rates on offer may vary at any time without notice.
The relevant Product Schedule together with all of the related documents form the complete Product Disclosure Statement for this product.
Product Schedule:
Gold Term Deposit Product Schedule (PDF)
Related documents:
Apply today
Get started in a branch, or call us if you're an existing customer
Check your eligibility
- Available to people aged 12 and older
- You can have more than one Gold Term Deposit account, but the total amount invested in these accounts must not exceed $2,000,000, unless Bankwest agrees otherwise
- Minimum term of the deposit is one month
- Maximum term of the deposit is five years
- Minimum deposit $5,000.
- Photo identification, such as an Australian driver's licence or passport. Or, see a handy list of other ID documents we’ll accept
- Australian residential address
- Sufficient funds to transfer as an opening deposit on the day your new account is opened
- Tax file number (optional).
Already bank with us? Call 13 17 19.
- You may request the withdrawal of all or part of your funds prior to the maturity date provided that you give 31 days’ notice. If your Term Deposit has less than 31 days to maturity, you will only be able to access funds on the maturity date. The notice period starts on the day you request withdrawal. If you are experiencing hardship and need your funds before maturity, please contact us. If you withdraw all or part of your funds prior to the maturity date, your entitlement to interest in respect of the deposit will be reduced, according to when an early repayment is made. Please refer to the Term Deposits Terms & Conditions for further details.
- Interest paid on maturity. Different rates apply to different terms and interest payment frequencies.