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Bank profile · Term deposits
LiveWestpac term deposits
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As of 18 September 2026, Westpac has one term deposit product tracked by BankMate, over 13 terms from 3 months to 35 months. Its highest rate is 5.00% p.a. on the Term Deposit for 2 years, 65th of 394 24-month deposits — a term deposit rate means nothing without its term, so each deposit is ranked only against others of the same term. Its rates last changed on 3 July 2026.
- Best rate
- 5.00%
- 2 years · Term Deposit
- Market rank
- #65
- of 394 24-month deposits
- Terms
- 13
- 1 product
- Last change
- 3 July 2026
- 4 changes on record
Rates over time
Best 12-month rate per product- Term Deposit
- RBA cash rate
- Market average · 12-month deposits
What changed
4 changes since 9 Apr 2026- Term Deposit · 10 terms cut 0.25 to 0.50mixed
- Term Deposit · 24-month 5.15 → 5.00−0.15
- Term Deposit · 24-month 5.10 → 5.15The day of the RBA rise to 4.35%+0.05
- Term Deposit · 12-month 3.95 → 5.0037 days after the RBA rise to 4.10%+1.05
Term deposits
Best rate per product, by term · ranked within each terminterest at maturity or annually or monthly · from $0 · 13 terms
3 mo 3.40%6 mo 3.55%9 mo 3.70%1 yr 4.75%2 yr 5.00%3 yr 4.50%5.00%#65 of 3942 years
- 3 months
- 3.40% · #278 of 369
- 6 months
- 3.55% · #452 of 547
- 9 months
- 3.70% · #324 of 500
- 1 year
- 4.75% · #291 of 590
- 2 years
- 5.00% · #65 of 394
- 3 years
- 4.50% · #117 of 345
- Minimum deposit
- $0
- Interest paid
- At maturity or Annually or Monthly
- Early withdrawal
- Not allowed
Rank compares deposits within the same headline term, as the Term deposit report does. Compare all term deposits
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