Westpac
Business Term Deposit
Westpac · term deposits
Provider last updated this product 2026-10-12.
Go to provider
You'll complete your application on
Westpac's website. Confirm the rate and fees with them
before applying.
A Westpac Business Term Deposit invest surplus funds for a fixed term and enjoy the certainty of a guaranteed return.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 1.40% | 1 months | daily | 1 - 1 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 1.65% | 2 months | daily | 2 - 2 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.25% | 3 months | daily | 3 - 3 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.40% | 4 months | daily | 4 - 4 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.45% | 5 months | daily | 5 - 5 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.40% | 6 months | daily | 6 - 6 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.55% | 7 months | daily | 7 - 7 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.60% | 8 months | daily | 8 - 8 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.65% | 9 months | daily | 9 - 9 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.70% | 10 months | daily | 10 - 10 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 3.75% | 11 months | daily | 11 - 11 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 1.40% | 1 months | daily | 1 - 1 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 1.60% | 2 months | daily | 2 - 2 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.20% | 3 months | daily | 3 - 3 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.35% | 4 months | daily | 4 - 4 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.40% | 5 months | daily | 5 - 5 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.35% | 6 months | daily | 6 - 6 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.50% | 7 months | daily | 7 - 7 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.55% | 8 months | daily | 8 - 8 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.60% | 9 months | daily | 9 - 9 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.65% | 10 months | daily | 10 - 10 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.70% | 11 months | daily | 11 - 11 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 4.75% | 12 months | daily | 12 - 12 months | Interest paid at maturity | calculated daily |
| Interest paid at maturity | ||||||
| FIXED | 4.75% | 23 months | daily | 13 - 23 months | Interest paid at maturity (Annually) | calculated daily |
| Interest paid at maturity (Annually) | ||||||
| FIXED | 4.50% | 35 months | daily | 24 - 35 months | Interest paid at maturity (Annually) | calculated daily |
| Interest paid at maturity (Annually) | ||||||
| FIXED | 4.00% | 47 months | daily | 36 - 47 months | Interest paid at maturity (Annually) | calculated daily |
| Interest paid at maturity (Annually) | ||||||
| FIXED | 4.00% | 59 months | daily | 48 - 59 months | Interest paid at maturity (Annually) | calculated daily |
| Interest paid at maturity (Annually) | ||||||
| FIXED | 4.00% | 60 months | daily | 60 - 60 months | Interest paid at maturity (Annually) | calculated daily |
| Interest paid at maturity (Annually) | ||||||
| FIXED | 4.70% | 12 months | daily | 12 - 12 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 4.70% | 23 months | daily | 13 - 23 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 4.45% | 35 months | daily | 24 - 35 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.95% | 47 months | daily | 36 - 47 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.95% | 59 months | daily | 48 - 59 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 3.95% | 60 months | daily | 60 - 60 months | Interest paid monthly | calculated daily, paid monthly |
| Interest paid monthly | ||||||
| FIXED | 4.70% | 12 months | daily | 12 - 12 months | Interest paid half-yearly | calculated daily, paid half-yearly |
| Interest paid half-yearly | ||||||
| FIXED | 4.70% | 23 months | daily | 13 - 23 months | Interest paid half-yearly | calculated daily, paid half-yearly |
| Interest paid half-yearly | ||||||
| FIXED | 4.45% | 35 months | daily | 24 - 35 months | Interest paid half-yearly | calculated daily, paid half-yearly |
| Interest paid half-yearly | ||||||
| FIXED | 3.95% | 47 months | daily | 36 - 47 months | Interest paid half-yearly | calculated daily, paid half-yearly |
| Interest paid half-yearly | ||||||
| FIXED | 3.95% | 59 months | daily | 48 - 59 months | Interest paid half-yearly | calculated daily, paid half-yearly |
| Interest paid half-yearly | ||||||
| FIXED | 3.95% | 60 months | daily | 60 - 60 months | Interest paid half-yearly | calculated daily, paid half-yearly |
| Interest paid half-yearly | ||||||
| FIXED | 5.20% | 12 months | P12M | 12 - 12 months | Offer available for a limited time only on Term Deposits opened or renewed by Westpac personal and business customers. Terms and conditions apply. | calculated P12M |
| Offer available for a limited time only on Term Deposits opened or renewed by Westpac personal and business customers. Terms and conditions apply. | ||||||
| BONUS | 0.10% | - | daily | 12 - 12 months | An 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 single term. Higher or lower rates may apply for subsequent terms. Rate will not be automatically applied to a renewing Term Deposit | calculated daily |
| An 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 single term. Higher or lower rates may apply for subsequent terms. Rate will not be automatically applied to a renewing Term Deposit | ||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Bank cheque | TRANSACTION | $10 | - |
| Bank cheque Online | TRANSACTION | $0 | This includes a customised remittance plus postage and handling |
| Refunding a Bank cheque no longer required - original presented | TRANSACTION | $0 | Fee charged per cheque for Bank customers |
| Refunding / Replacing a Bank cheque - original lost, stolen or destroyed | REPLACEMENT | $0 | Fee charged per cheque for Bank customers |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-08-21 | 5.15% |
| 2026-08-22 | 2026-08-24 | 5.10% |
| 2026-08-28 | 2026-09-09 | 5.05% |
| 2026-09-12 | 2026-09-17 | 5.10% |
| 2026-09-24 | 2026-10-26 (current) | 5.20% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- 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.
- 12-month Special Offer, on Term Deposits opened or renewed by existing Westpac personal or business customers. Available on deposits of $5,000 to $2,000,000 with interest paid monthly, half yearly 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.
Who can apply
- min age - 18
- residency status - Those with an Australian residential address and who are currently in Australia.
- businessShould have an eligible business registered in Australia
- businessShould be authorised to act on behalf of an Australian business
- otherEnsure every signatory on an account is identified according to Westpac's ID standard
Limits
- min balance - 5000.00
- max balance - 2000000.00
The provider's own documents
- Product overview › (opens in a new tab)
- Terms and conditions › (opens in a new tab)
- Eligibility criteria › (opens in a new tab)
- Fees and pricing › (opens in a new tab)
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-10-12T01:53:40Z · Product ID: TDBusTermDeposit