Bankwest
Bankwest Term Deposit
The Bankwest Term Deposit lets you lock away your savings for a fixed term of up to five years with a competitive fixed interest rate, giving you certainty on the interest you'll earn
Term depositsBank updated 23 Sept 2026
At a glance
- Best rate
- 5.20% for 12m
- 12 months
- 5.20%
- Min deposit
- $1,000
§ 01 — Rates · 31
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedFixed Credit Interest. | — | 1 mo | $1,000–$10,000,000 | 2.00% | — | paid at maturity; paid every 1 mo |
| FixedFixed Credit Interest. | — | 10 mo | $1,000–$10,000,000 | 4.40% | — | paid at maturity; paid every 10 mo |
| FixedFixed Credit Interest. | — | 11 mo | $1,000–$10,000,000 | 4.40% | — | paid at maturity; paid every 11 mo |
| FixedFixed Credit Interest. | — | 1 yr | $1,000–$10,000,000 | 5.08% | — | paid every 1 mo |
| FixedFixed Credit Interest. | — | 1 yr | $1,000–$10,000,000 | 5.20% | — | paid every 1 yr |
| FixedFixed Credit Interest. | — | 1 yr | $1,000–$10,000,000 | 5.10% | — | paid every 3 mo |
| FixedFixed Credit Interest. | — | 1 yr | $1,000–$10,000,000 | 5.13% | — | paid every 6 mo |
| FixedFixed Credit Interest. | — | 2 mo | $1,000–$10,000,000 | 2.00% | — | paid at maturity; paid every 2 mo |
| FixedFixed Credit Interest. | — | 2 yrs | $1,000–$10,000,000 | 4.89% | — | paid every 1 mo |
| FixedFixed Credit Interest. | — | 2 yrs | $1,000–$10,000,000 | 5.00% | — | paid every 1 yr |
| FixedFixed Credit Interest. | — | 2 yrs | $1,000–$10,000,000 | 4.91% | — | paid every 3 mo |
| FixedFixed Credit Interest. | — | 2 yrs | $1,000–$10,000,000 | 4.94% | — | paid every 6 mo |
| FixedFixed Credit Interest. | — | 3 mo | $1,000–$10,000,000 | 4.80% | — | paid at maturity; paid every 3 mo |
| FixedFixed Credit Interest. | — | 3 yrs | $1,000–$10,000,000 | 4.89% | — | paid every 1 mo |
| FixedFixed Credit Interest. | — | 3 yrs | $1,000–$10,000,000 | 5.00% | — | paid every 1 yr |
| FixedFixed Credit Interest. | — | 3 yrs | $1,000–$10,000,000 | 4.91% | — | paid every 3 mo |
| FixedFixed Credit Interest. | — | 3 yrs | $1,000–$10,000,000 | 4.94% | — | paid every 6 mo |
| FixedFixed Credit Interest. | — | 4 mo | $1,000–$10,000,000 | 4.40% | — | paid at maturity; paid every 4 mo |
| FixedFixed Credit Interest. | — | 4 yrs | $1,000–$10,000,000 | 4.89% | — | paid every 1 mo |
| FixedFixed Credit Interest. | — | 4 yrs | $1,000–$10,000,000 | 5.00% | — | paid every 1 yr |
| FixedFixed Credit Interest. | — | 4 yrs | $1,000–$10,000,000 | 4.91% | — | paid every 3 mo |
| FixedFixed Credit Interest. | — | 4 yrs | $1,000–$10,000,000 | 4.94% | — | paid every 6 mo |
| FixedFixed Credit Interest. | — | 5 mo | $1,000–$10,000,000 | 5.00% | — | paid at maturity; paid every 5 mo |
| FixedFixed Credit Interest. | — | 6 mo | $1,000–$10,000,000 | 4.40% | — | paid at maturity; paid every 6 mo |
| FixedFixed Credit Interest. | — | 5 yrs | $1,000–$10,000,000 | 4.89% | — | paid every 1 mo |
| FixedFixed Credit Interest. | — | 5 yrs | $1,000–$10,000,000 | 5.00% | — | paid every 1 yr |
| FixedFixed Credit Interest. | — | 5 yrs | $1,000–$10,000,000 | 4.91% | — | paid every 3 mo |
| FixedFixed Credit Interest. | — | 5 yrs | $1,000–$10,000,000 | 4.94% | — | paid every 6 mo |
| FixedFixed Credit Interest. | — | 7 mo | $1,000–$10,000,000 | 4.40% | — | paid at maturity; paid every 7 mo |
| FixedFixed Credit Interest. | — | 8 mo | $1,000–$10,000,000 | 4.40% | — | paid at maturity; paid every 8 mo |
| FixedFixed Credit Interest. | — | 9 mo | $1,000–$10,000,000 | 4.40% | — | paid at maturity; paid every 9 mo |
§ 03 — Features
Instant paymentsDigital banking
- · 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…
- · 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.
- · 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…
- · You may instruct us at any time during the term of your deposit, to renew it at its maturity.
- · Set up online or over the phone and manage your term deposit online.
§ 04 — Eligibility & limits
- · Minimum age 14
- · Residency: AU
- · Available to individuals
- · Opening balance $1,000
- · Account is available for single and joint account holder.
- · You must have a current Direct Debit Request at all times (this enables us to transfer funds from your Linked Account to your account).
- · 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 t…
- · A Linked Account is optional for a Bankwest Term Deposit that is migrated from a Gold Term Deposit.
- · Maximum term of the deposit is five years.
- · Minimum term of the deposit is one month.
§ 06 — Run the numbers
Put this product through a calculator
Published by Bankwest under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.