Business Term Deposit

Product Features

• Other Additional Information: Guaranteed earnings: With a fixed interest rate over a fixed term, you?ll know exactly how much you?re going to earn on your investment.

• Other Additional Information: Bonus interest rates: Get 0.10% p.a. extra for opening or renewing online. And check if you qualify for other bonus rates when you sign in.4

• Digital Banking Additional Information: Online opening: There?s no need to visit a branch. Open, view and manage your account in Online Banking and the Westpac App.5

• Other Additional Information: Security option: You can use a Business Term Deposit as security for a loan or bank guarantee, if you apply on a PC or mobile browser.

• Other Additional Information: Offer available on Term Deposits opened or renewed by existing Westpac personal or business customers. Available on deposits of $5,000 to $2,000,000. Interest paid monthly or at maturity. T&Cs apply.

• Other Additional Information: Customers can open account either by Branch, Phone or Online.

• Other Additional Information: Statements sent includes confirmation, maturity, renewal and repayment advices

• Fraud Protection Additional Information: The product includes limited fraud protection features.

• Relationship Management Additional Information: Relationship management is available for eligible customers.

• Other Additional Information: Interest is paid: Monthly, yearly or at Maturity (where the term is 12 months or less) or at the end of any notice period.

• Other Additional Information: Add 0.10% p.a. online bonus rate to these rates if you?re already with Westpac and opening or renewing online

• Other Additional Information: A safe investment: Avoid market fluctuations by earning a fixed interest rate on your investment, while avoiding the temptation to dip into your savings.

• Other Additional Information: Your choice of terms: Pick a fixed term that matches your business cycle, from 1 month to 5 years. And choose how you want your interest to be paid.

• Other Additional Information: Options at maturity: At the end of the term, choose whether to withdraw some or all of the funds or reinvest them for another term at the latest rate

• Other Additional Information: Flexibility if needed: If you really need your funds and give us enough notice, early withdrawal may be possible. But rate adjustments and reduced returns may apply.3

Product Eligibility

• Min Age - 18.

• Residency Status - Those With An Australian Residential Address And Who Are Currently In Australia..

• Business Additional Information: Should have an eligible business registered in Australia

• Business Additional Information: Should be authorised to act on behalf of an Australian business

• Other Additional Information: Ensure every signatory on an account is identified according to Westpac's ID standard

Bank Fees and Charges

• Bank Cheque (Transaction), Amount: 10.00.

• Bank Cheque Online (Transaction), Amount: 0.00. Additional Information: This includes a customised remittance plus postage and handling

• Refunding A Bank Cheque No Longer Required - Original Presented (Transaction), Amount: 0.00. Additional Information: Fee charged per cheque for Bank customers

• Refunding / Replacing A Bank Cheque - Original Lost, Stolen Or Destroyed (Transaction), Amount: 0.00. Additional Information: Fee charged per cheque for Bank customers

 Limitations & Restrictions (Constraints)

• Min Balance of 5000.00

• Max Balance of 2000000.00

Document Downloads

  termdeposits-tandc.pdf (423.3 KB)