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Westpac Business Term Deposit

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Safer returns for fixed terms with Westpac Business Term Deposits.

Interest rates on fixed term deposits tend to be higher than other savings products. Banks are able to hold liquid assets for predetermined periods of time, allowing them to invest in higher gain financial products. Westpac Business Term Deposits are available in fixed terms for 12, 24 or 36 months. With a minimum investment of $5,000, you can track your savings online with $0 monthly service or management fees and no set-up.

Up to 0.8% p.a.

Interest rate

24 months interest rate


Minimum opening deposit


Account keeping fee


Maximum deposit

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Product NameWestpac Business Term Deposit
3 month interest rate0.40%
4 month interest rate0.50%
6 month interest rate0.50%
7 month interest rate0.60%
9 month interest rate0.60%
12 month interest rate0.70%
24 month interest rate0.80%
36 month interest rate0.80%
48 month interest rate0.80%
60 month interest rate0.80%
Minimum Opening Deposit$5,000
Minimum Age Requirement18
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

Secure your interest rate

Westpac offers three fixed term deposit rates: from 0.7% p.a. for 12-24 months, 0.8% p.a. for 24-36 months and 0.8% p.a. for 36 months.

Interest return

Depending on your term, interest is payable monthly or annually or at maturity.

Launch term deposit calculator

How to apply


Eligible Australian business owners must provide a current ABN, ACN, ABRN or ARSN to apply for a Westpac Business Term Deposit. Applications must be made by an individual acting on behalf of an Australian Business:

  • Of at least 18 years old;
  • Currently residing within the country;

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