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Bankwest Term Deposit Rates

 

At the end of the fixed term, a $10 monthly offset fee applies per offset account. Monthly offset fee is charged to the offset account, not the home loan. If you take out a Bankwest home loan for investment purposes, you will be contacted by Deppro Pty Ltd. Bankwest does not endorse or approve the depreciation schedule prepared by Deppro Pty Ltd. Using the savings calculator above, your top 3 options when it comes to interest earning include Citibank Term Deposit ($250,000), Bankwest Online Term Deposit and St.George Term Deposit. Regular Income Term Deposit, Interest credited to savings or paid by cheque. Rate fixed for term of deposit. For amounts under $5,000 please refer to the SwiftSaver Account. All term deposits: Interest will only be paid on funds invested for a minimum of 30 days. In the event of early termination of the term deposit, subject to the funds having. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). Rates stated are subject to change without notice. For lending products, lending criteria and fees and charges apply.

  • Australian dollar
  • Fixed interest, fixed term investment
  • Minimum investments from $5,000

Bankwest Term Deposit Rates 3 Months

RAC Finance investments offer an Australian dollar, fixed interest, fixed term investment with varying investment options.

*RAC Finance is a wholly owned subsidiary of RACWA Holdings Pty Ltd which in turn is wholly owned by the Royal Automobile Club of WA (Inc). The Royal Automobile Club of WA (Inc) and
RACWA Holdings Pty Ltd do not guarantee your investment but they are committed to RAC Finance’s role as a financier.

Thinking of investing? Think RAC Finance

Bankwest Fixed Term Deposit Rates

How much can I invest?

Deposit

We can accept investments starting from $5,000.

Term deposits are a safe and guaranteed way to set aside your savings. While they won't attract high interest rates like a savings account, they offer more than a transaction account. It has been a tough year for term deposit holders, though, as the Reserve Bank continued to lower interest rates in a bid to revive the economy from the pandemic.

With rates lower than they've ever been, the key attraction of a term deposit in a time of uncertainty is that your savings are protected by the federal government up to the value of $250,000. This means in the unlikely event that your bank collapses, you won't lose your money. The same can't be said of other investments promising higher income where your capital is at risk if the company goes belly-up.

This year's winners offer very competitive rates.

Bankwest Term Deposit Rates

'Simplicity is a critical part of what Bankwest seeks to deliver to customers, and some of the enhancements we've made to our online term deposit reflect that, particularly in regard to the introduction of self-service and management features,' says Louise Tovey, general manager, everyday banking, at Bankwest.

Over the past 12 months, the bank improved customers' experience through an online functionality that allowed them to reinvest and withdraw funds and close term deposits. This can be done without the need to contact Bankwest's customer support colleagues.

Bankwest Term Deposit Rates California

'These enhancements have proven popular, particularly during Covid-19, with use of these features increasing as customers take advantage of the ability to lock in a fixed rate of return amidst the uncertainty of a global pandemic,' says Tovey.

Bankwest Term Deposit Rates Philippines

Term

Make sure you understand the cost of withdrawing your funds before the term ends.