Bankwest Term Deposit

 Product Features

• Npp Enabled Additional Information: This means you can receive faster payments into this account, often in real time. Keep in mind - this account isn't eligible for PayID.

• Digital Banking Additional Information: Manage your term deposit in Bankwest Online Banking subject to conditions of use.

• Other Additional Information: 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. 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.

• Other Additional Information: This account is only available for either the 1,2,3,4,5,6,7,8,9,10,11,12,24,36,48, or 60 Months term.

• Other Additional Information: At the end of your term, unless we notify you that we will not be renewing your deposit, you have seven calendar days (known as your 'grace period') to let us know you want to withdraw your funds or reinvest them. If you don't let us know, your funds will be automatically reinvested for the same term at the applicable rate.

• Other Additional Information: You may instruct us at any time during the term of your deposit, to renew it at its maturity.

• Notifications Additional Information: We will send you a letter to remind you when your term is about to end, and we will also let you know on your term deposit account page in online banking. We will send you a confirmation letter when you open and renew your term deposit. For term deposits with a term of six months or more, we will give you an account statement every six months. We will also send you a term deposit reinvestment notice before it matures, not only as a reminder but to also explain what you can do next.

• Other Additional Information: Set up online, in branch and over the phone for existing customers and manage your term deposit online.

 Product Eligibility

• Min Age - 12. Additional Information: The account is available to personal customers only, aged 12 years or older.

• Residency Status - Au. Additional Information: Available to Australian citizens and permanent or temporary residents with an Australian residential address.

• Other Additional Information: Account is available for Single, Joint and Trusts.

• Other Additional Information: A Linked Account is optional for a Bankwest Term Deposit that is migrated from a Gold Term Deposit.

• Other Additional Information: You must have an Australian transaction account, with Bankwest or another financial institution, that allows direct debits to and from the account (so we can transfer funds from your linked account to your term deposit).

• Other Additional Information: You must have a current Direct Debit Request at all times (this enables us to transfer funds from your Linked Account to your account).

• Other - Maximum Term 5 Years. Additional Information: Maximum term of the deposit is five years.

• Other - Minimum Term 1 Month. Additional Information: Minimum term of the deposit is one month.

 Limitations & Restrictions (Constraints)

• Max Balance of 10000000.00 Additional Information: Invest up to $10 million.

• Min Balance of 1000.00 Additional Information: Minimum balance is $1,000.

• Opening Balance of 1000.00 Additional Information: Minimum opening deposit is $1,000.