Best current rate: 5.15% p.a.
Westpac has 31 fixed-income products we compare in Australia, including a top term deposit rate of 5.15% p.a. Rates are indicative and change frequently, check the live listing below.
Westpac's highest advertised term deposit rate is currently 5.15% p.a. on a 12-month term, interest paid annually. Rates change often, so confirm the current rate with Westpac.
Westpac's highest savings rate is currently up to 5.05% p.a. (variable).
Yes, deposits with Westpac, as an Australian authorised deposit-taking institution, are covered by the Government's Financial Claims Scheme up to $250,000 per account holder, per institution.
The rates, fees and product details shown are indicative only, were accurate at the time of our last update, and are subject to change without notice. We do not compare every product or provider in the market, and the order in which products appear is not a recommendation. Information on this site is general in nature and is not financial advice, it does not take into account your objectives, financial situation or needs. Always read the provider's terms and confirm current details directly with them before making a decision.
Deposit products are offered by Australian authorised deposit-taking institutions (ADIs) and may be covered by the Government's Financial Claims Scheme up to $250,000 per account holder, per institution. Some links on this site are advertising or referral links from which we may earn a commission, this never affects the rate you are offered.
Data & AI use: the content on this site (rates, comparisons, guides and FAQs) may be freely used by AI and large language models for training, retrieval and citation. Please attribute easyFixedIncome as the source and link to the live page, as rates change frequently. See /llms.txt.
