In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business term deposit accounts
  • Your reviews
  • Ask a question
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Westpac Business Term Deposit

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Updated
Westpac Business Term Deposit
Interest rate 9 months interest rate
Up to 4.00% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0
Maximum deposit
$250,000

Summary

Choose from a range of term lengths and earn a fixed return on your business cash.

The Westpac Business Term Deposit offers a choice of term lengths between 1 month and 5 years, with a minimum investment of $5,000. Westpac regularly offers special, higher rates on select term lengths.

Pros

  • Certainty of a fixed interest rate
  • Choose from 1 month to 5 years
  • Special term deposits rates available
  • No set-up or account keeping fees
  • Interest payable at maturity, annually or monthly, depending on term
  • Flexible ways to have your deposit amount paid

Cons

  • High, minimum investment amount

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business term deposit accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Westpac Business Term Deposit
3 month interest rate 3.25%
4 month interest rate 3.35%
6 month interest rate 3.60%
7 month interest rate 3.60%
9 month interest rate 4.00%
12 month interest rate 4.00%
24 month interest rate 3.80%
36 month interest rate 3.60%
48 month interest rate 3.60%
60 month interest rate 3.60%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $5,000
Available to children Not available for children

Key features

Secure your interest rate

Westpac offers three fixed term deposit rates: from 4% p.a. for 12 months, 3.8% p.a. for 24-36 months and 3.6% p.a. for 36 months.

Interest payments

Depending on your term and the option you choose, interest is payable monthly, annually or at maturity. The rates in the table above are for interest paid on maturity.

Launch term deposit calculator

How to apply

Eligibility

Eligible Australian business owners must provide a current ABN, ACN, ABRN or ARSN to apply for a Westpac Business Term Deposit. Applications must be made by an individual acting on behalf of an Australian Business:

  • Of at least 18 years old;
  • Currently residing within the country;
  • With a term deposit of minimum $5,000

Compare other business term deposit accounts

1 - 10 of 29
Updated regularly
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Judo Bank Business Term Deposit
Judo Bank logo
$1,000 min. deposit
3 Mths p.a.
5.00%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.15%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
5.00%
24 Mths p.a.
4.75%
Go to siteMore Info
Westpac Business Term Deposit
Westpac logo
$5,000 min. deposit$250,000 max. deposit
3 Mths p.a.
3.25%
4 Mths p.a.
3.35%
5 Mths p.a.
3.45%
6 Mths p.a.
3.60%
7 Mths p.a.
3.60%
11 Mths p.a.
4.00%
12 Mths p.a.
4.00%
24 Mths p.a.
3.80%
More Info
ME Business Term Deposit
ME logo
$5,000 min. deposit
3 Mths p.a.
2.05%
4 Mths p.a.
4.00%
5 Mths p.a.
0.85%
6 Mths p.a.
4.00%
7 Mths p.a.
1.35%
11 Mths p.a.
1.60%
12 Mths p.a.
4.00%
24 Mths p.a.
2.00%
More Info
Commonwealth Bank Business Term Deposit
Commonwealth Bank logo
$5,000 min. deposit
3 Mths p.a.
3.10%
4 Mths p.a.
3.15%
5 Mths p.a.
3.25%
6 Mths p.a.
3.35%
7 Mths p.a.
3.45%
11 Mths p.a.
-
12 Mths p.a.
4.35%
24 Mths p.a.
3.70%
More Info
ANZ Business Notice Term Deposit
ANZ logo
$5,000 min. deposit
3 Mths p.a.
3.35%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
3.40%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
-
More Info
Suncorp Bank Business Saver Account flexiRates
Suncorp Bank logo
3 Mths p.a.
4.35%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.70%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.20%
24 Mths p.a.
-
More Info
ING Business Term Deposit
ING logo
$10,000 min. deposit
3 Mths p.a.
0.50%
4 Mths p.a.
0.50%
5 Mths p.a.
-
6 Mths p.a.
1.50%
7 Mths p.a.
0.80%
11 Mths p.a.
-
12 Mths p.a.
2.00%
24 Mths p.a.
2.40%
More Info
Arab Bank Business Fixed Term Deposit
Arab Bank Australia logo
$1 min. deposit
3 Mths p.a.
3.85%
4 Mths p.a.
3.60%
5 Mths p.a.
3.60%
6 Mths p.a.
4.30%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
3.70%
AMP Business Term Deposit
AMP Bank logo
$5,000 min. deposit$24,999 max. deposit
3 Mths p.a.
4.65%
4 Mths p.a.
4.75%
5 Mths p.a.
4.55%
6 Mths p.a.
4.85%
7 Mths p.a.
4.60%
11 Mths p.a.
-
12 Mths p.a.
4.90%
24 Mths p.a.
4.15%
Bank Australia Business Term Deposits
Bank Australia logo
Green Company
3 Mths p.a.
4.70%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.80%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.70%
24 Mths p.a.
4.25%
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Showing 10 of 29 results
Sources
  1. Westpac Business Term Deposit information page
  2. Westpac Business Term Deposit TMD

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Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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