Westpac — Rate History

See Westpac's term deposit rate history and current term options. As of July 2026, Westpac's strongest current rates are on longer-term deposits, with up to 4.75% p.a. on a 1yr term. Shorter terms currently reach 3.40% p.a. for 6mo. Compare all current term deposit rates to see how Westpac compares with other Australian banks today.

3mo term

Rate p.a.	Interest paid	Min deposit	Valid from	Valid to
3.25% Current	At maturity	$5k	5 Jun 2026	—
3.25%	Quarterly	$5k	24 Apr 2026	5 Jun 2026
3.20% Current	Monthly	$5k	24 Apr 2026	—

6mo term

Rate p.a.	Interest paid	Min deposit	Valid from	Valid to
3.40% Current	At maturity	$5k	5 Jun 2026	—
3.40%	Semi-annually	$5k	24 Apr 2026	5 Jun 2026
3.35% Current	Monthly	$5k	24 Apr 2026	—

1yr term

Rate p.a.	Interest paid	Min deposit	Valid from	Valid to
4.70% Current	Semi-annually	$5k	3 Jul 2026	—
4.75% Current	At maturity	$5k	3 Jul 2026	—
4.70% Current	Monthly	$5k	3 Jul 2026	—
5.00%	At maturity	$5k	5 Jun 2026	3 Jul 2026
4.95%	Semi-annually	$5k	24 Apr 2026	3 Jul 2026
5.00%	Annually	$5k	24 Apr 2026	5 Jun 2026
4.95%	Monthly	$5k	24 Apr 2026	3 Jul 2026

18mo term

Rate p.a.	Interest paid	Min deposit	Valid from	Valid to
4.75% Current	At maturity	$5k	3 Jul 2026	—
4.70% Current	Semi-annually	$5k	3 Jul 2026	—
4.70% Current	Monthly	$5k	3 Jul 2026	—
5.00%	At maturity	$5k	5 Jun 2026	3 Jul 2026
4.95%	Monthly	$5k	12 May 2026	3 Jul 2026
5.00%	Annually	$5k	12 May 2026	5 Jun 2026
4.95%	Semi-annually	$5k	12 May 2026	3 Jul 2026

2yr term

Rate p.a.	Interest paid	Min deposit	Valid from	Valid to
4.50% Current	At maturity	$5k	3 Jul 2026	—
4.45% Current	Semi-annually	$5k	3 Jul 2026	—
4.45% Current	Monthly	$5k	3 Jul 2026	—
5.00%	At maturity	$5k	5 Jun 2026	3 Jul 2026
4.95%	Monthly	$5k	24 Apr 2026	3 Jul 2026
4.95%	Semi-annually	$5k	24 Apr 2026	3 Jul 2026
5.00%	Annually	$5k	24 Apr 2026	5 Jun 2026

3yr term

Rate p.a.	Interest paid	Min deposit	Valid from	Valid to
4.00% Current	At maturity	$5k	3 Jul 2026	—
3.95% Current	Semi-annually	$5k	3 Jul 2026	—
3.95% Current	Monthly	$5k	3 Jul 2026	—
4.60%	At maturity	$5k	5 Jun 2026	3 Jul 2026
4.55%	Monthly	$5k	24 Apr 2026	3 Jul 2026
4.60%	Annually	$5k	24 Apr 2026	5 Jun 2026
4.55%	Semi-annually	$5k	24 Apr 2026	3 Jul 2026

5yr term

Rate p.a.	Interest paid	Min deposit	Valid from	Valid to
4.00% Current	At maturity	$5k	5 Jun 2026	—
4.00%	Annually	$5k	24 Apr 2026	5 Jun 2026
3.95% Current	Monthly	$5k	24 Apr 2026	—
3.95% Current	Semi-annually	$5k	24 Apr 2026	—