Westpac Term Deposit



To earn a guaranteed rate of return on your funds over a fixed period.
  1. Westpac Term Deposits Nz
  2. Nz Term Deposits
  • Term deposit Issued by Westpac Banking Corporation Australian Financial Services Licence No. 233714 ABN 33 007 457 141 Dated: 12 November 2016.
  • We use cookies to secure and tailor your web use. Our notice explains how we use cookies and how you can manage them. By continuing to use this site, we assume you're ok with our notice.

The Westpac Term Deposit could be a great pick for Aussie savers looking to open a term deposit with a big bank who have a minimum deposit of $5,000. Any catches While the Westpac Term Deposit aims to give you the best return on your savings stash during your chosen term, just keep in mind that there is an automatic rollover.

Features and benefits

  • No monthly account service fee or establishment fee
  • High fixed interest rate on balances of $1,000 and above1
  • A range of fixed investment terms available to suit your needs
  • Interest paid 6 monthly and at maturity2.

Westpac Term Deposits Nz


Fees

Refer to the Fiji Customer Service Fees Booklet for details (PDF 98KB)

Here’s what to do.

To open a Westpac personal bank account, you’ll need to provide us with a signed and completed personal account opening form, along with some current identification documents.

We need to verify the following:

  1. Full name
  2. Date of birth
  3. Residential address
  4. Occupation
  5. Photo identification and signature
  6. Citizenship
  7. Income source documentation

To ensure these 7 points above are verified, we need at least two primary ID documents or one primary plus two secondary ID documents. All documents must be original and current unless specified. If additional documents are required, we’ll let you know.

Deposit

Download the Opening a Personal Bank Account Brochure (PDF 129KB) for a list of accepted Identification and Additional Identification required for non-residents. Visit your branch or call 132032 for more information.

Deposit

Nz Term Deposits

Need help?

Simply speak to a Banking Representative by calling 132 032.

Things you should know


Conditions apply. Offer excludes corporate, institutional and government customers. If you are on a special rate and your Term Deposit rolls over automatically, the Term Deposit may be automatically re-invested at a lower rate than the current interest rate.

1. Interest rate adjustment may apply if funds are withdrawn before maturity.

2. Once your fixed term ends, you can withdraw your funds via bank cheque, cash or direct credit into another bank account.