Westpac Term Deposit Rates

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Features and benefits

• No monthly account service fee or establishment fee¹
• Competitive interest rates with fixed amounts, rates and terms
• A range of fixed investment terms available to suit your needs
• Interest paid monthly, annually, and at maturity².

The term deposit rate is the agreed interest rate for your term deposit. It remains fixed for the term of the deposit. For example, if you deposit $5,000 for 12 months at a 2.5 per cent term deposit rate, that 2.5 per cent term deposit rate will be fixed for the entire 12 months and won’t change until the term matures.

Rate is not available in conjunction with any bonus interest or other special rates offered on Westpac Term Deposits. You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship). Rates are available for Retail and Business Banking customers and apply up to the first $5,000,000 of deposits held either solely or jointly with Westpac. For rates applicable to amounts in excess of $5,000,000, please contact us. Rates are not available to Financial Institutions. According to Westpac, when a term deposit reaches the end of its term, if no instructions have been provided at the beginning of the term or in the six days following the maturity date, then the money will be reinvested according to the same terms at the interest rate applicable at maturity.

Refer to the PNG Customer Service Fees and Charges Brochure (PDF 90KB) for details.

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 are required to verify your:

1. Full name
2. Date of birth
3. Residential address
4. Occupation
5. Signature
6. Citizenship
7. TIN
8. Income source

Information must be verified from a combination of identification documents including national ID card, birth certificate, or passport. Download the Opening a Personal Bank Account Brochure (PDF 164KB) for a list of accepted identification documents and additional identification required for non-residents. Visit your local branch or call (+675) 322 0888 for more information.

Nab Term Deposit Rates Today

Existing customers

You may have already provided necessary identification or you may need to provide additional current identification documents. Visit your local branch to get started.

Need help?

Term Deposit Interest Rates Nz

Simply speak to a Banking Representative by calling (+675) 322 0888.

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. Early termination fee applies if the Term Deposit is ended before the full term.

2. Confirmation, Maturity, Renewal and Repayment advices sent. Once your fixed term ends, you can withdraw your funds by bank cheque, cash or direct credit into another bank account.