Westpac Term Deposit

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  1. They have an everyday banking account called Westpac Choice (their most popular bank account), an online savings account (Westpac eSaver) and term deposit.Other services that they offer include: credit cards, insurance, home loans, personal loans, superannuation, financial planning and share trading.
  2. We'll help grow your savings, so you can grow in life. Put away as little as $5,000 for a fixed term and earn a competitive fixed interest rate. Choose to have interest paid out as regular income during the term, or leave it to grow.

Westpac offers term deposits with terms of 1 month to 5 years. Deposits up to $250,000 are guaranteed by the Australian government. Interest may be paid at maturity, monthly, or annually. 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. Westpac Term Deposit. Westpac NZ has established itself as the country’s top banking institution. With their various financial services and investments, Kiwis are assured that their money is safeguarded 100%. They aim to make Kiwis financially independent and intelligent when it comes to their earnings.

To earn a guaranteed rate of return on your funds over a fixed period.
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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?

Westpac term deposit

Simply speak to a Banking Representative by calling 132 032.

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.

Westpac Term Deposit Rates Business

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.

To earn a guaranteed rate of return on your funds over a fixed period.

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.

Westpac Term Deposit Interest Rates Today

Fees

Refer to the Fiji Customer Service Fees Booklet (PDF 98KB)

Westpac Bank Term Deposit Rates

Increased regulatory focus has led to enhanced requirements for Customer Due Diligence (CDD). With this in mind, prior to the account being opened, customers will need to:

Step 1 - Visit a Branch nearest you and bring along the following:

  • Certificate of registration and $35 for search fee. (As a mandatory requirement, the Bank will conduct a search to confirm ownership).
  • More information will be provided to you at this point, including mandatory forms to complete.

Step 2 - Once your search results are in place, you will be contacted by the Bank. You are required to collect and present the following documentations to the Bank for further verification:

  • Completed copy(ies) of mandatory forms. (These are forms provided to you in Step 1 above).
  • Copy of memorandum and articles, articles of association, by law etc.
  • Company Resolution - signed by an authorized individual naming authorized signatories and method of operation
  • Reserve Bank of Fiji letter (issue of shares to non-residents)
  • Investment Fiji certificate and confirmation (non – residents)
  • Valid business licence and/ hotel licence
  • TIN letter for company/organisation
  • Documentation to confirm source of funds
  • Minimum opening balance - $1000.00
  • Completed and signed forms – Please visit your nearest branch to obtain a copy of the form
  • Identification for all associated parties (A/P’s) i.e. Directors, Shareholders that own 20% or more, Company Secretary, Signatories, Agents etc. (Examples of identification noted below):

Westpac Term Deposit Rates Today

Westpac Term Deposit

For Residents, we recommend that you provide the following identification documents (but not limited to):

  • Voter ID (Citizenship, Name, Residential Address, Date of Birth, Signature & Photo);
  • TIN Letter or Joint Card (Name, Photo & TIN) and;
  • An employment letter that states your occupation and confirmation that a salary is paid to you (Occupation & Source of Funds).

For Non-Residents, we recommend that you provide the following identification documents (but not limited to):

  • A copy of your passport - Biodata and Fiji Visa page (Citizenship, Name, Date of Birth & Photo/Signature),
  • Joint Card – Fiji Revenue and Customs Services (FRCS) (Name, Photo & TIN);
  • An official ID or document that confirms your residential address - Driver's license, tenancy agreement or a Reference Letter (Residential Address);
  • An employment letter that states your occupation or role and confirmation that a salary is paid to them (Occupation & Source of Funds).

Step 3 - Need help?

Simply speak to a Westpac Customer Service Representative by calling 132 032.

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. 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.