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Term Deposit rates
Westpac's current term deposit rates as at 23 February 2012 (rates are subject to change without notice).
Login to Online Banking to open a term depositContact a branch to open a term deposit
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4.00 180 days
$10,000 min*4.25 12 months
$10,000 min*4.80 2 years
$10,000 min*
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| ^Special monthly income rates available to all SuperGold card holders. |
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| 180 days^ |
4.00% p.a. |
$5,000 |
Interest paid monthly |
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| 12 month^ |
4.25% p.a. |
$5,000 |
Interest paid monthly |
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| 2 year^ |
4.80% p.a. |
$5,000 |
Interest paid monthly |
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| For terms less than 12 months, interest is paid in full at the end of the term (unless the interest rate relates to a monthly income option or SuperGold card rate). You can also elect to have interest paid at maturity for terms 12 months or longer. |
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| | | 30 - 59 days | 2.00% p.a. | 3.00% p.a. | 3.00% p.a. | 3.00% p.a. | | | 60 - 89 days | 3.00% p.a. | 3.00% p.a. | 3.00% p.a. | 3.00% p.a. | | | 90 - 119 days | 3.00% p.a. | 3.25% p.a. | 3.25% p.a. | 3.25% p.a. | | | 120 - 149 days | 3.00% p.a. | 3.25% p.a. | 3.25% p.a. | 3.25% p.a. | | | 150 - 179 days | 3.00% p.a. | 3.25% p.a. | 3.25% p.a. | 3.25% p.a. | | | 180 - 269 days | 3.00% p.a. | 4.00% p.a.* | 4.00% p.a.* | 4.00% p.a.* | | | 270 days < 12 months | 3.00% p.a. | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. | | | 12 months < 18 months | 4.00% p.a. | 4.25% p.a.* | 4.25% p.a.* | 4.25% p.a.* | | | 18 months < 2 years | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 2 years < 3 years | 4.50% p.a. | 4.80% p.a.* | 4.80% p.a.* | 4.80% p.a.* | | | 3 years < 4 years | 4.50% p.a. | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. | | | 4 years < 5 years | 4.75% p.a. | 5.25% p.a. | 5.25% p.a. | 5.25% p.a. | | | 5 years | 5.00% p.a. | 5.50% p.a. | 5.50% p.a. | 5.50% p.a. | |
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| * Special Term Deposit rates |
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| 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. |
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| | | 180 - 269 days | 3.00% p.a. | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. | | | 270 days < 12 months | 3.00% p.a. | 4.00% p.a. | 4.00% p.a. | 4.00% p.a. | | | 12 months < 18 months | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 18 months < 2 years | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 2 years < 3 years | 4.30% p.a. | 4.60% p.a. | 4.60% p.a. | 4.60% p.a. | | | 3 years < 4 years | 4.40% p.a. | 4.90% p.a. | 4.90% p.a. | 4.90% p.a. | | | 4 years < 5 years | 4.65% p.a. | 5.15% p.a. | 5.15% p.a. | 5.15% p.a. | | | 5 years | 4.75% p.a. | 5.25% p.a. | 5.25% p.a. | 5.25% p.a. | |
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| For terms 12 months or longer, you can choose to have interest paid every three (quarterly), six or 12 months. The default payment frequency is quarterly. Interest can be compounded (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. Alternatively, you can choose to have interest paid separately into any New Zealand bank account which allows you to receive a periodic income stream that is less frequent than our monthly income option. |
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| | | 12 months < 18 months | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 18 months < 2 years | 4.00% p.a. | 4.25% p.a. | 4.25% p.a. | 4.25% p.a. | | | 2 years < 3 years | 4.50% p.a. | 4.80% p.a. | 4.80% p.a. | 4.80% p.a. | | | 3 years < 4 years | 4.50% p.a. | 5.00% p.a. | 5.00% p.a. | 5.00% p.a. | | | 4 years < 5 years | 4.75% p.a. | 5.25% p.a. | 5.25% p.a. | 5.25% p.a. | | | 5 years | 5.00% p.a. | 5.50% p.a. | 5.50% p.a. | 5.50% p.a. | |
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| You can get a copy of the current disclosure statement for Westpac New Zealand Limited and a copy of the investment statement for any securities for which an investment statement is required 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. |
The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
| Copyright©2011 Westpac New Zealand Limited |
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