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Westpac term deposits

Westpac is not only the oldest bank in Australia, but it's also the country’s oldest company. It was first established in 1817 as the Bank of New South Wales. Following a series of mergers and acquisitions, in 1982 it changed names to Westpac Banking Corporation.

It’s now one of the big four banks in Australia, with almost 14 million customers, 1,200+ branches, 39,000 staff and 3,000+ ATMs.

Westpac offers customers term deposit accounts, as well as home loans, credit cards, personal loans, card loans and much more. Its subsidiaries include St. George Bank, Bank of Melbourne and BankSA.

Alex Ritchie
Alex Ritchie

Personal Finance Editor

Content updated

Product data updated

Why choose Westpac

Benefits

  • Easy branch access
  • Oldest bank in Australia

Drawbacks

  • Moderate to low rates

Westpac Term Deposits

Term Deposits calculator

Use our term deposit calculator to see how much you can earn under different investment scenarios.

$
months

Final balance at the end of term would be

$0

at interest rate 2.25 %

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.