Term Deposit

With Westminster Bank term deposit range, you have the flexibility to lodge your funds in Australian dollars or US dollars and earn a competitive interest rate in your preferred currency.  With deposit terms ranging from as short as 1 months to as long as 5 years, you can feel confident knowing exactly how much your money will earn.

Features & Benefits

Fixed return on your investment
With our Term Deposit, if you don’t need immediate access to these funds you have the security of locking in a fixed rate of return, giving you greater peace of mind.

Keep track of your investment
View, track and manage your Term Deposit along with your other accounts in the Westminster Bank Online Banking platform.

Choose from a range of terms
You can choose from a range of terms to suit your needs. Anything from 1 month to 5 years.

Fees & Charges

There are no on going fees with Westminster Bank Term Deposit products. Opening and administration fee applicable as per our Fees and Charges.

If you want to withdraw your Term Deposit before it matures you’ll need to give us 30 days’ notice. You may incur a prepayment interest adjustment and administration fee.   Prepayment is subject to Westminster Bank approval.

Interest Rates

Click below to view our highly competitive interest rates in your preferred currency.

How to apply online

You can open a Term Deposit online under a personal, corporate or Self-Managed Super Fund (SMSF) name. To do so, you need to be 18 years or over, have a registered company (if relevant) and a minimum deposit of AU$250,000.

If you have your identity verification and company registration details ready to go, please click below to commence your digital on boarding to Westminster bank