Westpac Term Deposit

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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 New Zealand Limited. You can get a copy of the current Disclosure Statement for Westpac New Zealand Limited, and a copy of the term sheet for Term Deposits here or from any Westpac branch in New Zealand free of charge. A Westpac Term Deposit can give you the certainty of knowing exactly what the return on your money will be. Term Deposit - Westpac.

To earn a guaranteed rate of return on your funds over a fixed period.

Features and benefits

Deposit
  • No monthly account service fee or establishment fee
  • High fixed interest rate on balances of $1,000 and above1
  • A range of fixed investment terms available to suit your needs
  • Interest paid 6 monthly and at maturity2.
Deposit


Fees

Refer to the Fiji Customer Service Fees Booklet for details (PDF 98KB)

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 need to verify the following:

Westpac
  1. Full name
  2. Date of birth
  3. Residential address
  4. Occupation
  5. Photo identification and signature
  6. Citizenship
  7. Income source documentation

To ensure these 7 points above are verified, we need at least two primary ID documents or one primary plus two secondary ID documents. All documents must be original and current unless specified. If additional documents are required, we’ll let you know.

Download the Opening a Personal Bank Account Brochure (PDF 129KB) for a list of accepted Identification and Additional Identification required for non-residents. Visit your branch or call 132032 for more information.

Need help?

Westpac Term Deposit Rates Business

Simply speak to a Banking Representative by calling 132 032.

Westpac Term Deposit Interest

Things you should know
Deposit


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. Interest rate adjustment may apply if funds are withdrawn before maturity.

Term

Nz Term Deposits

2. Once your fixed term ends, you can withdraw your funds via bank cheque, cash or direct credit into another bank account.