The Bankwest Bankwest Term Deposit pays up to 5.13% p.a. as of 18 September 2026, over a 12-month term, 157th of 590 12-month deposits tracked by BankMate. It is offered over 14 terms from 3 months to 5 years, with interest paid annually or quarterly or monthly, from a $1,000 deposit. Its rates last changed on 16 May 2026.
5.13%p.a. · 1 year
interest annually or quarterly or monthly; from $1,000
Rates over time
Best rate per term- RBA cash rate
- Market average · 12-month deposits
- 3 months
- 6 months
- 9 months
- 1 year
- 2 years
- 3 years
- 5 years
- 4 years
Changes
1 change since 9 Apr 2026- Bankwest Term Deposit · 5 terms up 0.19 to 0.9810 days after the RBA rise to 4.35%mixed
- 12-month 4.94 → 5.13
- 24-month 3.96 → 4.94
- 36-month 3.96 → 4.94
- 48-month 3.96 → 4.94
- 60-month 3.96 → 4.94
Rates by term
Ranked within each term- 3 months
- 4.80% · #62 of 369 3-month deposits
- 6 months
- 5.00% · #76 of 547 6-month deposits
- 9 months
- 4.40% · #190 of 500 9-month deposits
- 1 year
- 5.13% · #157 of 590 12-month deposits
- 2 years
- 4.94% · #108 of 394 24-month deposits
- 3 years
- 4.94% · #46 of 345 36-month deposits
- 5 years
- 4.94% · #31 of 152 60-month deposits
- 4 years
- 4.94% · #29 of 157 48-month deposits
Deposit
- Minimum deposit
- $1,000
- Maximum deposit
- $10,000,000
Interest
- Paid
- Annually or Quarterly or Monthly
- Compounding
- monthly
Early withdrawal
- Before maturity
- Allowed · Changes aimed at strengthening the banking system mean we need 31 days' notice if you want to withdraw your funds before the maturity date. This can also affect the interest we pay you. You can still access your money at maturity and during the grace period. 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. However, where the request falls on a non-business day the notice period will start on the next business day. 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.
About this product
The Bankwest Term Deposit lets you lock away your savings for a fixed term of up to five years with a competitive fixed interest rate, giving you certainty on the interest you'll earn