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
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 |
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