Term investment interest rates

Interest rates are current as at 18 February 2018 and are subject to change without notice.

Term deposit interest rates

Term deposit interest rates

For important information about term deposits please download the Term Deposit Term Sheet. (65Kb PDF )

Term Deposit
TermInterest Frequency$5,000-$5,000,000
30 days At Maturity 0.75% p.a.
60 days At Maturity 1.25% p.a.
90 days At Maturity 2.75% p.a.
4 months At Maturity 3.00% p.a.
5 months At Maturity 3.00% p.a.
6 months At Maturity
Monthly or Compounding
3.25% p.a.
3.25% p.a.
8 months At Maturity
Monthly or Compounding
3.25% p.a.
3.25% p.a.
9 months At Maturity
Monthly or Compounding
3.35% p.a.
3.35% p.a.
12 months At Maturity
Monthly or Compounding
3.40% p.a.*special rate 
3.40% p.a.*special rate 
18 months At Maturity
Monthly or Compounding
3.50% p.a.
3.50% p.a.
2 years At Maturity
Monthly or Compounding
3.65% p.a.
3.65% p.a.
3 years At Maturity
Monthly or Compounding
3.80% p.a.
3.60% p.a.
4 years At Maturity
Monthly or Compounding
4.00% p.a.
3.80% p.a.
5 years At Maturity
Monthly or Compounding
4.10% p.a.
3.90% p.a.

*Special rates not available to financial institutions or for investments over $5,000,000 and cannot be used in conjunction with any other Westpac promotion, offer or package benefit. 

For Terms 12 months or more, you can make a single withdrawal of up to 20% of your invested amount (excluding any compounding returns) without loss of interest on withdrawals approved by us. You only need to provide 32 days’ notice. For more information on our Accessible Term Deposit feature, please see here.

 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.

Term Deposit - Interest paid at maturity
For terms less than six months, interest is paid in full at the end of the term. You can also elect to have interest paid at maturity for terms six months or longer.

Term Deposit - Monthly income
For terms of six months or longer you can choose to have interest paid monthly into your nominated bank account. This regular income stream can be ideal if you need to supplement other income such as NZ Superannuation.

Term Deposit - Compounding interest & regular interest
For terms six months or longer, you can choose to have interest paid every three months. Alternatively, interest can be compounded quarterly (added automatically to your original investment) which allows you to earn ‘interest on your interest’, meaning your investment grows at a faster rate than if interest were paid out during the course of the investment or paid in full at maturity. 

Find out more about term deposits here.

You can get a copy of the current Disclosure Statement for Westpac New Zealand Limited and a copy of the term sheet for Westpac Term Deposits from any Westpac branch in New Zealand free of charge. Interest rates quoted are subject to change. The above rates are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand.

Term PIE rates of return

Westpac Term PIE Fund rates of return

For important information about the Term PIE Fund download the Westpac Term PIE Fund Term Sheet.

Westpac Term PIE Fund - Rates of return
TermReturn Frequency$5,000-$5,000,000
30 days At Maturity 0.75% p.a.
60 days At Maturity 1.25% p.a.
90 days At Maturity 2.75% p.a.
4 months At Maturity 3.00% p.a.
5 months At Maturity 3.00% p.a.
6 months At Maturity
Monthly or Compounding
3.25% p.a.
3.25% p.a.
8 months At Maturity
Monthly or Compounding
3.25% p.a.
3.25% p.a.
9 months At Maturity
Monthly or Compounding
3.35% p.a.
3.35% p.a.
12 months At Maturity
Monthly or Compounding
3.40% p.a.*special rate 
3.40% p.a.*special rate 
18 months At Maturity
Monthly or Compounding
3.50% p.a.
3.50% p.a.
2 years At Maturity
Monthly or Compounding
3.65% p.a.
3.65% p.a.
3 years At Maturity
Monthly or Compounding
3.80% p.a.
3.60% p.a.
4 years At Maturity
Monthly or Compounding
4.00% p.a.
3.80% p.a.
5 years At Maturity
Monthly or Compounding
4.10% p.a.
3.90% p.a.

*Special rates not available to financial institutions or for investments over $5,000,000 and cannot be used in conjunction with any other Westpac promotion, offer or package benefit. 

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.

Westpac Term PIE Fund - Returns paid at maturity
For terms less than six months, returns are paid in full at the end of the term. You can also elect to have returns paid at maturity for terms six months or longer.

Westpac Term PIE Fund - Monthly income
For terms of six months or longer you can choose to have returns paid monthly into your nominated bank account. This regular income stream can be ideal if you need to supplement other income such as NZ Superannuation.

Westpac Term PIE Fund - Compounding & regular return
For terms six months or longer, you can choose to have returns paid every three months. Alternatively, returns can be compounded (added automatically to your original investment) which allows you to earn ‘returns on your returns’, meaning your investment grows at a faster rate than if returns were paid out during the course of the investment or paid in full at maturity.

Find out more about the Westpac Term PIE Fund here.

Investments made in the Westpac Term PIE Fund (“the Fund”) do not represent bank deposits or liabilities of Westpac New Zealand Limited (“Westpac NZ”) or any other member of the Westpac group of companies, and are subject to investment and other risk. No Westpac company or any person guarantees the Fund's performance, returns or payment of capital. Westpac accepts no responsibility for the availability or content of third party websites. You can get a copy of the current Disclosure Statement for Westpac New Zealand Limited, and a copy of the term sheet for the Fund from any Westpac branch in New Zealand free of charge. Rates of return quoted are subject to change and are not available to financial institutions. Full details of the terms and conditions are available from any Westpac branch in New Zealand. A copy of the Trust Deed for the Fund can be accessed here, and a copy of the latest audited PIE Financial Statements here.