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Bankwest Business TD Direct

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Get guaranteed returns by opening a Bankwest Business TD Direct account and choose from a wide range of terms.

You can open the Bankwest Business TD Direct account as a sole trader, a partnership, a company, a trust or a society. This term deposit lets you invest any amount between $10,000 and $2,000,000, and you can choose from terms between one month and five years. Throughout the term, the money in your account continues earning fixed interest. If you opt for a 12 months term or more you get multiple options surrounding when the bank pays you interest.

Up to 1.1% p.a.

Interest rate

60 months interest rate

$10,000

Minimum opening deposit

$0

Account keeping fee

$2,000,000

Maximum deposit

Details

Product NameBankwest Business Term Deposit Direct
3 month interest rate0.70%
4 month interest rate0.75%
6 month interest rate0.80%
7 month interest rate0.80%
9 month interest rate0.80%
12 month interest rate0.85%
24 month interest rate0.90%
36 month interest rate1.00%
48 month interest rate1.05%
60 month interest rate1.10%
Minimum Opening Deposit$10,000

Key features

Variable investment amounts

You can invest any amount in between $10,000 and $2,000,000 in a Bankwest Business TD Direct account, and the amount you invest does not have a bearing on the interest rate.

Varied terms

Bankwest lets you open this term deposit from one month to 12 months in monthly increments, and from one year to five years in yearly increments.


How to apply

You can apply for the Bankwest Business TD Direct account online and to do so now click on the 'Go to Site' button. You can apply for this account as a sole trader, partnership, company, trust, SMSF, society, strata or cooperative, and the information you have to provide varies in accordance.

  • Sole trader. All non-Bankwest customers who will be account signatories have to provide photo IDs by visiting a Bankwest store or at Australia Post outlet. Providing your Australian Business Number (ABN) and Tax File Number (TFN) is not necessary, but if you don't the account may be subject to withholding tax.
  • Partnership. All non-Bankwest customers who will function as account signatories must provide photo IDs by visiting a Bankwest store or at Australia Post outlet. You also have to provide the partnership agreement or its certified copy. Providing your ABN and TFN is not necessary.

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