RateCity
This is an information service. By browsing on the website and/or
using our search tools, you are asking RateCity to provide you with information
about Term Deposits from multiple financial institutions. We will try to show you
a range of products in response to your request for information. The search
results do not include all providers, for further details refer to our
FSCG. We are not a credit provider,
and in giving you product information we are not making any suggestion or
recommendation to you about a particular credit product. If you decide to
apply for a Term Deposit, you will deal directly with a financial institution, and not with RateCity.
For a safe investment strategy look into opening a Westpac term deposit account. You can use your investment as a fixed source of income with interest paid monthly, annually or at maturity. Westpac term deposit term can be fixed anywhere from 7 days to 60 months with no monthly servicing or account keeping fees.
Compare term deposits by highest rate at RateCity.com.au
Product Details
- Company
-
- Nominal Rate
- 5%
- Effective Rate
- 5.08%
- Payment Frequency
- At Maturity
- Maturity Alert
-
- Partial Withdrawal Penalty
- No
- Compounding Interest
- No
Updating your preferences
Product Features
Automatic rollover y
Whether your term deposit account will automatically roll over to a new account with the same term once it reaches maturity if you do not instruct otherwise
Partial withdrawal n
Partial withdrawal permitted: If this account allows customers to partially redraw on their account without being penalized.
Int paid via other institution y
Whether the interest dividend can be paid into an account held with another financial instituion
Balance
Month
Amount Invested
$50000
Interest Earned
$50000
Months Elapsed
The graph above displays total estimated interest earned based on the requested deposit frequency and parameters entered.
