Westpac
Business Term Deposit
A Westpac Business Term Deposit invest surplus funds for a fixed term and enjoy the certainty of a guaranteed return.
Term depositsBank updated 21 Sept 2026
At a glance
- Best rate
- 5.20% for 12m
- 12 months
- 5.20%
- Min deposit
- $5,000
§ 01 — Rates · 42
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusAn additional online bonus rate will be added when you open or renew online. Applies across any rate and term, as well as on our special rate offer for terms mentioned above. Rate applies for a singl… | — | — | — | 0.10% | — | paid at maturity; Online only |
| FixedInterest paid at maturity | — | 1 mo | — | 1.40% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 1 mo | — | 1.40% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 10 mo | — | 3.70% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 10 mo | — | 3.65% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 11 mo | — | 3.75% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 11 mo | — | 3.70% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 1 yr | — | 4.75% | — | paid at maturity; Min deposit amount |
| FixedOffer available for a limited time only on Term Deposits opened or renewed by Westpac personal and business customers. Terms and conditions apply. | — | 1 yr | — | 5.20% | — | paid at maturity; Online only |
| FixedInterest paid monthly | — | 1 yr | — | 4.70% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid half-yearly | — | 1 yr | — | 4.70% | — | paid every 6 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 2 mo | — | 1.65% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 2 mo | — | 1.60% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity (Annually) | — | 23 mo | — | 4.75% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 23 mo | — | 4.70% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid half-yearly | — | 23 mo | — | 4.70% | — | paid every 6 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 3 mo | — | 3.25% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 3 mo | — | 3.20% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity (Annually) | — | 35 mo | — | 4.50% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 35 mo | — | 4.45% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid half-yearly | — | 35 mo | — | 4.45% | — | paid every 6 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 4 mo | — | 3.40% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 4 mo | — | 3.35% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity (Annually) | — | 47 mo | — | 4.00% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 47 mo | — | 3.95% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid half-yearly | — | 47 mo | — | 3.95% | — | paid every 6 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 5 mo | — | 3.45% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 5 mo | — | 3.40% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity (Annually) | — | 59 mo | — | 4.00% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 59 mo | — | 3.95% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid half-yearly | — | 59 mo | — | 3.95% | — | paid every 6 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 6 mo | — | 3.40% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 6 mo | — | 3.35% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity (Annually) | — | 5 yrs | — | 4.00% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 5 yrs | — | 3.95% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid half-yearly | — | 5 yrs | — | 3.95% | — | paid every 6 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 7 mo | — | 3.55% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 7 mo | — | 3.50% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 8 mo | — | 3.60% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 8 mo | — | 3.55% | — | paid every 1 mo; Min deposit amount |
| FixedInterest paid at maturity | — | 9 mo | — | 3.65% | — | paid at maturity; Min deposit amount |
| FixedInterest paid monthly | — | 9 mo | — | 3.60% | — | paid every 1 mo; Min deposit amount |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Refunding / Replacing a Bank cheque - original lost, stolen or destroyed | Replacement | No fee | — | Fee charged per cheque for Bank customers |
| Bank cheque Online | Transaction | No fee | — | This includes a customised remittance plus postage and handling |
| Bank cheque | Transaction | $10 | — | — |
| Refunding a Bank cheque no longer required - original presented | Transaction | No fee | — | Fee charged per cheque for Bank customers |
§ 03 — Features
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- · Guaranteed earnings: With a fixed interest rate over a fixed term, you?ll know exactly how much you?re going to earn on your investment.
- · Bonus interest rates: Get 0.10% p.a. extra for opening or renewing online. And check if you qualify for other bonus rates when you sign in.
- · Security option: You can use a Business Term Deposit as security for a loan or bank guarantee, if you apply on a PC or mobile browser.
- · Offer available on Term Deposits opened or renewed by existing Westpac personal or business customers. Available on deposits of $5,000 to $2,000,000. Interest paid monthly or at maturity. T&Cs apply.
- · A safe investment: Avoid market fluctuations by earning a fixed interest rate on your investment, while avoiding the temptation to dip into your savings.
- · Customers can open account either by Branch, Phone or Online.
- · Statements sent includes confirmation, maturity, renewal and repayment advices
- · Interest is paid: Monthly, yearly or at Maturity (where the term is 12 months or less) or at the end of any notice period.
- · Add 0.10% p.a. online bonus rate to these rates if you?re already with Westpac and opening or renewing online
- · Your choice of terms: Pick a fixed term that matches your business cycle, from 1 month to 5 years. And choose how you want your interest to be paid.
- · Options at maturity: At the end of the term, choose whether to withdraw some or all of the funds or reinvest them for another term at the latest rate
- · Flexibility if needed: If you really need your funds and give us enough notice, early withdrawal may be possible. But rate adjustments and reduced returns may apply.3
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Those with an Australian residential address and who are currently in Australia.
- · Available to businesses
- · Minimum balance $5,000
- · Ensure every signatory on an account is identified according to Westpac's ID standard
§ 06 — Run the numbers
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 21 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.