Term Deposit

 Product Features

• Digital Banking

• Other Additional Information: Personal Customers can open account either by Branch, Phone or Online.

• Other Additional Information: Statements sent includes confirmation, maturity, renewal and repayment advices

• Fraud Protection Additional Information: The product includes limited fraud protection features.

• Relationship Management Additional Information: Relationship management is available for eligible customers.

• Other Additional Information: Interest is paid: Monthly, yearly or at Maturity (where the term is 12 months or less) or at the end of any notice period.

• Other Additional Information: Enjoy $0 monthly fees for 12 months. Open a new Westpac Choice account online by 30 September 2025 to have the monthly Account-Keeping Fee waived for the first 12 months. Pay no Account-Keeping Fee for the first 12 months on your new Westpac Choice account and save $5 a month. You?ll then be able to open a Westpac term deposit online, using your new Choice account to deposit money into the term deposit. T&Cs and eligibility criteria apply

 Product Eligibility

• Min Age - 18. Additional Information: Minimum age to open account

• Residency Status - Those With An Australian Residential Address And Who Are Currently In Australia..

 Bank Fees and Charges

• Account Keeping Fee (Periodic), Amount: 5.00.

• Bank Cheque (Transaction), Amount: 10.00.

• Bank Cheque Online (Transaction), Amount: 0.00.

• Refunding A Bank Cheque No Longer Required - Original Presented (Transaction), Amount: 0.00.

• Refunding / Replacing A Bank Cheque - Original Lost, Stolen Or Destroyed (Transaction), Amount: 0.00.

 Limitations & Restrictions (Constraints)

• Min Balance of 5000.00

 Document Downloads

  termdeposits-tandc.pdf (316.0 KB)