Compare term deposits

Compare term deposits

Types of term deposits Online Term Deposit
This term deposit requires you to have a linked bank account with Bankwest or another financial institution.
In-Store Term Deposit (Gold Term Deposit)
Available in store or by phone, the Gold Term Deposit has no linked bank account requirement.
Rates and fees
Fixed interest rates 2.65% p.a. for a twelve-month fixed term deposit. Interest paid on maturity. 1 2.65% p.a. for a twelve-month fixed term deposit. Interest paid on maturity. 1
Monthly fees No monthly accounts and transaction fees. 2 Fees may apply to linked account, which is a requirement of the Online Term Deposit. Close No monthly accounts and transaction fees.
Features
Online applications Available Not available
Investment ranges $1,000 to $5,000,000 $5,000 to $2,000,000
Online Term Deposit
This term deposit requires you to have a linked bank account with Bankwest or another financial institution.

2.65% p.a. for a twelve-month fixed term deposit. Interest paid on maturity. 1 No monthly accounts and transaction fees. 2 Fees may apply to linked account, which is a requirement of the Online Term Deposit. Close Available $1,000 to $5,000,000
In-Store Term Deposit (Gold Term Deposit)
Available in store or by phone, the Gold Term Deposit has no linked bank account requirement.
2.65% p.a. for a twelve-month fixed term deposit. Interest paid on maturity. 1 No monthly accounts and transaction fees. Not available $5,000 to $2,000,000

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View our term deposit terms and conditions

Product Disclosure Statement for Online Term Deposit:
Bankwest tddirect Term Deposit Product Disclosure Statement (PDF)

Helpful documents:
Bankwest tddirect Interest Rate Schedule (PDF)
Bankwest tddirect Change of Linked Account Request (PDF)

For the In-Store Term Deposit (Gold Term Deposit), the relevant Product Schedule together with all the related documents form the complete Product Disclosure Statement.

Product Schedule:
Gold Term Deposit Product Schedule (PDF)

Related documents:
Bankwest Term Deposits Terms and Conditions (PDF)

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Things you should know

1. Different rates apply to different terms and interest payment frequencies.
2. Fees may apply to linked account, which is a requirement of the Online Term Deposit.

For deposits which have 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.