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Bankwest Gold Term Deposit

Shirley Liu
Shirley Liu
Last updated:  

Put your money to work for you in a high interest earning term deposit account from Bankwest.

The flexibility provided by the Bankwest Gold Term Deposit lets you grow your savings on your terms. With a competitive rate offered for just a 4 month term, you have the chance to reach your short term financial goals with little effort.

Up to 0.55% p.a.

Interest rate

6 months interest rate

$5,000

Minimum opening deposit

$0

Account keeping fee

$2,000,000

Maximum deposit

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Details

Product NameBankwest Gold Term Deposit
3 month interest rate0.35%
4 month interest rate0.35%
6 month interest rate0.55%
7 month interest rate0.40%
9 month interest rate0.40%
12 month interest rate0.55%
24 month interest rate0.50%
36 month interest rate0.50%
48 month interest rate0.50%
60 month interest rate0.50%
Minimum Opening Deposit$5,000
Minimum Age Requirement12
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

No account keeping fees

You will pay no monthly charges for this term deposit.

Choose when to receive interest payments

The interest is calculated on the balance daily. For terms of less than one year, the interest will be paid at maturity. For longer terms you can choose to have the interest paid into the account monthly, quarterly, six monthly or annually. Interest payments can be made into another Bankwest account, by cheque, direct credit to an account with another bank or by having it added to your deposit at maturity.

Launch term deposit calculator

How to apply

Eligibility

If you believe the Gold Term Deposit offered by Bankwest has everything that you need, you can apply by visiting your local branch or giving them a call. Unfortunately you cannot apply for this account online.There are some eligibility requirements that you will have to meet first in order for your application to be considered:

  • Minimum age. Applicants should be at least 12 years of age to be considered for a term deposit.
  • Residency requirement. Bankwest offers this savings product to residents of Australia. If you are currently living overseas and have plans on making a move to Australia in the near future, you can contact Bankwest now to begin making your savings plans.

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