• The administration fee for breaking a term deposit early is usually a flat fee of around $30. Along with that, there will be an adjustment to the amount of interest you can expect to receive. For example, if you’ve signed up for a Westpac term deposit, the interest adjustments will look like this.
• 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.

1. Westpac Term Deposit Rates Nz
2. Westpac Term Deposit Interest
3. Westpac Term Deposit
4. Nz Term Deposits
5. Westpac Term Deposits
6. Westpac Term Deposit Rates For Seniors

At Maturity, Monthly or Compounding. ^Special rates cannot be used in conjunction with any other Westpac promotion, offer or package benefit. 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 select to have interest paid at maturity for terms six months or longer. A term deposit is a type of savings account that is opened for a certain period of time. During this period your money is locked, so you won't be able to access it (penalties apply if you do). In exchange, your money earns interest according to the interest rate offered by the financial institution when opening the account. We use cookies to secure and tailor your web use. Our notice explains how we use cookies and how you can manage them. By continuing to use this site, we assume you're ok with our notice.

Westpac Term Deposit Rates Nz

Features and benefits

• 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.

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:

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?

Simply speak to a Banking Representative by calling 132 032.

Things you should know

Westpac Term Deposit Interest

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.

Westpac Term Deposit

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 Interest rate adjustment may apply if funds are withdrawn before maturity.

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

Features and benefits

• No monthly account service fee or establishment fee¹
• Competitive interest rates with fixed amounts, rates and terms
• A range of fixed investment terms available to suit your needs
• Interest paid monthly, annually, and at maturity².

Nz Term Deposits

Refer to the PNG Customer Service Fees and Charges Brochure (PDF 90KB) for details.

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 are required to verify your:

1. Full name
2. Date of birth
3. Residential address
4. Occupation
5. Signature
6. Citizenship
7. TIN
8. Income source

Information must be verified from a combination of identification documents including national ID card, birth certificate, or passport. Download the Opening a Personal Bank Account Brochure (PDF 164KB) for a list of accepted identification documents and additional identification required for non-residents. Visit your local branch or call (+675) 322 0888 for more information.

Existing customers

Westpac Term Deposits

You may have already provided necessary identification or you may need to provide additional current identification documents. Visit your local branch to get started.

Westpac Term Deposit Rates For Seniors

Need help?

Simply speak to a Banking Representative by calling (+675) 322 0888.

Things you should know

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. Early termination fee applies if the Term Deposit is ended before the full term.

2. Confirmation, Maturity, Renewal and Repayment advices sent. Once your fixed term ends, you can withdraw your funds by bank cheque, cash or direct credit into another bank account.