What is Bankwest's current term deposit rate?

As of 2026-08-09, Bankwest's term deposit rates ranged up to 5.20% p.a. depending on the term. See the full table above, and confirm the current rate on Bankwest's official site before opening an account.

What is the minimum deposit for a Bankwest term deposit?

Bankwest's minimum term deposit is generally around $1,000, though this can vary by term and product. Confirm on their official site.

Bankwest Term Deposit Rates (2026-08-22) | Term Deposit Rates Australia

Rates shown may include promotional offers and can change without notice — confirm the current rate on the provider's site before acting. How we source rates

Term	Interest Rate (p.a.)	Min. Deposit
3 months	4.80%	$1,000
12 months	5.20%	$1,000

Source: Bankwest term deposit rates

Notes on Bankwest's rates

Deposit range $1,000-$10,000,000, no account fees. A flat 4.40% p.a. applies across the 4-11 month range and a flat 5.00% p.a. applies across the 24-60 month range, per source, pending confirmation. A newer search result referenced an 11-month rate of 5.25%, suggesting a possible rate move since our last check — confirm before acting.

Interest Payment Options

Bankwest's interest payment options: Varies by term. Interest paid at maturity typically offers the headline rate; opting for monthly or quarterly payments can reduce the effective rate slightly, since you're accessing your returns sooner.

How Bankwest Compares

Term deposit rates move independently between banks, so it's worth checking a few options before committing. See how Bankwest stacks up against other providers:

Or use our full comparison table to see every bank side by side, or the term deposit calculator to estimate your returns.