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Invest $5000 or more in a term deposit for a fixed term. The interest rate and term are fixed when the investment starts and rates tend to be higher than with savings accounts. |
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earn a fixed rate of interest for a fixed term |
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competitive tiered interest rates give you higher returns for larger investments |
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terms from 30 days to 5 years to suit your investment goals and your lifestyle |
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choice of interest payment frequencies for fixed terms of twelve months or longer |
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choose a compounding deposit option for faster growth |
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choose a monthly income option for regular income |
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| You can invest from as little as $5000. Interest rates for amounts of $250,000 or more are available on request. |
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| We recommend term deposits for people who |
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like to keep things straightforward, and agree everything up front |
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don’t want to watch or worry about their investment. |
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| At a branch |
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| You will need to take a current form of identification along with you e.g. NZ driver's licence or passport. You’ll get a certificate as a record of your investment this will detail your interest payment and reinvestment or repayment instructions. You can also view this investment information in Online Banking. Please visit a Westpac branch near you. |
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| Through Online Banking |
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| If you already have an existing Term Deposit, and want to add this account to your existing Online Banking service, either call us on 0800 666 001, or visit your local Westpac branch. |
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| Otherwise, if you are registered for Online Banking and this will be your first Term Deposit, you can open a new Term Deposit account online. This will automatically be added your Online Banking service. |
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| Once your Term Deposit is set up in Online Banking, you will be able to |
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view the details online |
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reinvest your deposit when its due to mature. |
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change your deposits maturity instructions.* |
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| *Conditions apply. You need to be sole signatory for the Term Deposit and we need to have your current address |
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| For longer term investments |
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we’ll send you a reminder when your investment is due to mature |
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your investment (plus interest) can be automatically reinvested for the same or another term |
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you can also have your investment paid into any New Zealand bank account you choose when it matures. |
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| In emergencies or other special circumstances |
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you can request to withdraw part or all of your Term Deposit before the term ends |
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you’ll need to talk to your branch about making the withdrawal |
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if you take money out early, your initial interest rate will reduce for the amount you withdraw (and any amount still invested) |
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Westpac will determine the reduced interest rate. |
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Term Deposit Investment Rates |
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