Bankwest term deposit rates
16 terms published on 10 Oct 2026, best 5.30% for 12 months, from Bankwest’s own Consumer Data Right feed.
Bankwest at a glance
Today’s rates16 terms · read 10 Oct 2026
| Term | Rate | Rank | vs median | vs best | Last change | This rate | Min. deposit | Product |
|---|---|---|---|---|---|---|---|---|
| 1mo | 2.00% | joint #13 of 33 | +0.50 | −2.10 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 2mo | 2.00% | joint #13 of 36 | +0.25 | −2.45 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 3mo | 5.00% | joint #10 of 68 | +0.45 | −0.25 | ▲ +0.20 10 Oct | in effect since 10 Oct 2026 | $1,000 | Bankwest Term Deposit |
| 4mo | 4.40% | joint #30 of 49 | −0.25 | −1.00 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 5mo | 5.15% | #2 of 50 | +0.85 | −0.05 | ▲ +0.15 10 Oct | in effect since 10 Oct 2026 | $1,000 | Bankwest Term Deposit |
| 6mo | 4.40% | #53 of 73 | −0.60 | −1.05 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 7mo | 4.40% | joint #29 of 43 | −0.55 | −1.05 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 8mo | 4.40% | joint #19 of 39 | median | −0.85 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 9mo | 4.40% | #39 of 60 | −0.40 | −1.00 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 10mo | 4.40% | #19 of 40 | +0.40 | −0.95 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 11mo | 4.40% | #16 of 45 | +0.40 | −1.05 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 1yr | 5.30% | joint #23 of 75 | +0.05 | −0.30 | ▲ +0.10 10 Oct | in effect since 10 Oct 2026 | $1,000 | Bankwest Term Deposit |
| 2yr | 5.00% | joint #17 of 67 | +0.30 | −0.55 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 3yr | 5.00% | joint #10 of 51 | +0.70 | −0.45 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 4yr | 5.00% | joint #8 of 32 | +1.00 | −0.50 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
| 5yr | 5.00% | joint #8 of 31 | +1.00 | −0.50 | — | same on every day read since 26 Aug 2026 | $1,000 | Bankwest Term Deposit |
“Rank”, “vs median” and “vs best” compare Bankwest with every bank that publishes the same term today. “This rate” is the first day our daily read showed the current rate — a rate that changed between two reads is dated to the first read that showed it.
What Bankwest publishes about its products1 term deposit product · as published 10 Oct 2026
| Product | Interest paid | Min. deposit | Max. deposit | Fixed-rate terms | Links |
|---|---|---|---|---|---|
| Bankwest Term Deposit | monthly (at maturity), every two months (at maturity), every 4 months (at maturity), half-yearly (at maturity), every 7 months (at maturity), every 8 months (at maturity), every 9 months (at maturity), every 10 months (at maturity) | $1,000 | $10,000,000 | 16 | product page · terms · fees · eligibility |
Bankwest Term Deposit: eligibility, conditions and features
- Eligibility
- minimum age: 14 — The account is available to personal customers who meet the following age criteria: If applying through staff assisted channels, be aged 14 years or older. If applying through online channels, be age…; individuals: The account is available to personal customers who meet the following age criteria: If applying through staff assisted channels, be aged 14 years or older. If applying through online channels, be age…; Account is available for single and joint account holder.; You must have a current Direct Debit Request at all times (this enables us to transfer funds from your Linked Account to your account).; You must have an Australian transaction account, with Bankwest or another financial institution, that allows direct debits to and from the account (so we can transfer funds from your linked account t…; A Linked Account is optional for a Bankwest Term Deposit that is migrated from a Gold Term Deposit.; Maximum term 5 years — Maximum term of the deposit is five years.; Minimum term 1 month — Minimum term of the deposit is one month.
- Conditions
- opening balance 1000.00 — Minimum opening deposit is $1,000.
- Features
- npp enabled — This means you can receive faster payments into this account, often in real time. Keep in mind - this account isn't eligible for PayID.; digital banking — Manage your term deposit in Bankwest Online Banking subject to conditions of use.; other — Changes aimed at strengthening the banking system mean we need 31 days' notice if you want to withdraw your funds before the maturity date. This can also affect the interest we pay you. You can still…; other — This account is only available for either the 1,2,3,4,5,6,7,8,9,10,11,12,24,36,48, or 60 Months term.; other — At the end of your term, unless we notify you that we will not be renewing your deposit, you have seven calendar days (known as your 'grace period') to let us know you want to withdraw your funds or…; other — You may instruct us at any time during the term of your deposit, to renew it at its maturity.; notifications: Maturity reminders — We will send you a letter to remind you when your term is about to end, and we will also let you know on your term deposit account page in online banking. We will send you a confirmation letter when…; other — Set up online or over the phone and manage your term deposit online.
- The bank’s description
- The Bankwest Term Deposit lets you lock away your savings for a fixed term of up to five years with a competitive fixed interest rate, giving you certainty on the interest you'll earn
- Interest calculated
- daily
Every line is the bank’s own statement in its feed, read that day — nothing is inferred, though some statements are shortened here (an ellipsis or a “shortened” mark shows where, and long lists are capped): the full text is on the bank’s own pages linked above. Early-withdrawal terms appear under conditions or features when a bank states them.
Rate historyevery sweep day since 26 Aug 2026 · 46 days · 16 terms
3mo 5.00% today
26 Aug 202610 Oct 2026
6mo 4.40% today
26 Aug 202610 Oct 2026
1yr 5.30% today
26 Aug 202610 Oct 2026
2yr 5.00% today
26 Aug 202610 Oct 2026
3yr 5.00% today
26 Aug 202610 Oct 2026
5yr 5.00% today
26 Aug 202610 Oct 2026
All 16 terms — the other 10
1mo 2.00% today
26 Aug 202610 Oct 2026
2mo 2.00% today
26 Aug 202610 Oct 2026
4mo 4.40% today
26 Aug 202610 Oct 2026
5mo 5.15% today
26 Aug 202610 Oct 2026
7mo 4.40% today
26 Aug 202610 Oct 2026
8mo 4.40% today
26 Aug 202610 Oct 2026
9mo 4.40% today
26 Aug 202610 Oct 2026
10mo 4.40% today
26 Aug 202610 Oct 2026
11mo 4.40% today
26 Aug 202610 Oct 2026
4yr 5.00% today
26 Aug 202610 Oct 2026
Each line is the best retail rate Bankwest published for that term on each day we read its feed. A break in the line is a day we read no rate for that term — the feed could not be read, or the bank did not publish that term that day — never a rate carried forward.
Where Bankwest sitsagainst the 77 banks ranked today
1yr: 22 banks ahead
- Community First Bank 5.60%
- Dnister Bank 5.55%
- Heartland Bank 5.55%
- Unity Bank 5.50%
- Alex Bank 5.50%
- Bank Australia 5.50%
- and 16 more on the leaderboard
6mo: 52 banks ahead
- Heartland Bank 5.45%
- RACQ Bank 5.45%
- Unity Bank 5.35%
- Dnister Bank 5.30%
- Bank Australia 5.30%
- Bank First 5.30%
- and 46 more on the leaderboard
The Big 4 and their brands9 banks · top 10 by best rate
| Bank | Best | Term | 6 m | 12 m | Market rank |
|---|---|---|---|---|---|
 Suncorp Bank | 5.50% | 2yr | 4.80% | 5.40% | #5 |
 ANZ | 5.30% | 1yr | 3.50% | 5.30% | #31 |
| Bankwest | 5.30% | 1yr | 4.40% | 5.30% | #31 |
| CommBank | 5.30% | 1yr | 5.00% | 5.30% | #31 |
| NAB | 5.30% | 1yr | 3.50% | 5.30% | #31 |
 Bank of Melbourne | 5.20% | 1yr | 3.40% | 5.20% | #53 |
 BankSA | 5.20% | 1yr | 3.40% | 5.20% | #53 |
 St.George | 5.20% | 1yr | 3.40% | 5.20% | #53 |
 Westpac | 5.20% | 1yr | 3.40% | 5.20% | #53 |
Timeline3 rate changes since 26 Aug 2026 · ▲3 ▼0 · 1 event
| Date | Term | From → to | Δ |
|---|---|---|---|
| 10 Oct 2026 | 3mo | 4.80 → 5.00 | ▲ +0.20 |
| 10 Oct 2026 | 5mo | 5.00 → 5.15 | ▲ +0.15 |
| 10 Oct 2026 | 1yr | 5.20 → 5.30 | ▲ +0.10 |
| 30 Sep 2026 | RBA | RBA cash rate 4.60% — up 0.25 pointsReserve Bank decision effective 2026-09-30: cash rate target 4.60%, a rise of 0.25 percentage points. | |
Questions about these rates
What is Bankwest’s best term deposit rate today?
On 10 Oct 2026, the best retail term deposit rate Bankwest publishes in its Consumer Data Right feed is 5.30% for 12 months (Bankwest Term Deposit). That is joint #31 of the 77 Australian banks ranked by best rate today.
What is Bankwest’s 12-month term deposit rate?
5.30% as read on 10 Oct 2026, 0.05 points above the market median of 5.25%, and joint #23 of the 75 banks publishing a 12-month rate. The market-best 12-month rate today is 5.60%.
What is the minimum deposit at Bankwest?
The lowest minimum Bankwest states in its feed is $1,000 (Bankwest Term Deposit, 1-month). Check the product disclosure statement for balance tiers.
When did Bankwest last change a term deposit rate?
The most recent change we read was on 10 Oct 2026: the 3-month rate moved from 4.80% to 5.00%. We have read 3 changes at Bankwest since 26 Aug 2026.
Are deposits with Bankwest guaranteed?
Bankwest publishes its products under the Consumer Data Right as an Australian data holder. Under the Financial Claims Scheme, administered by APRA, protected Australian-dollar deposit accounts at an Australian-incorporated authorised deposit-taking institution (ADI) are covered up to $250,000 per account holder per ADI. Several brands can share one ADI licence, in which case the cap covers them together, so confirm which licence Bankwest operates under before relying on the guarantee. Scheme facts checked against apra.gov.au (Financial Claims Scheme) on 15 Sep 2026 — the link is under “About Bankwest” below; rates are as read on 10 Oct 2026.
About Bankwest
- Type
- A brand of a Big 4 bank
- Part of
- Commonwealth Bank
- ASX code
- CBA
- Website
- www.bankwest.com.au
- Consumer Data Right feed
- https://open-api.bankwest.com.au/bwpublic
- Deposit guarantee
- Financial Claims Scheme, up to $250,000 per account holder per ADI — scheme details and covered institutions at APRA (checked 15 Sep 2026)
The rates on this page are the retail term deposit rates Bankwest publishes in its own Consumer Data Right product feed, read once a day. Business, SMSF and staff-only products are left out. A product the bank publishes as “tailored” (pricing may be negotiated) is included only when the bank also states it is open to individuals, and is marked as tailored. A day on which we read no rate is a gap on this page — never an estimate.
Facts about the institution reviewed 15 Sep 2026. Rates read 10 Oct 2026.
Savings accounts at Bankwesthighinterestsavingsaccounts.org
A savings account keeps the money at call, but its rate can change at any time and its best rate usually has monthly conditions. A term deposit locks one rate for its term. Both figures come from the bank’s own feed.
Please note: the savings figures on this page are estimates only and may not reflect the return you actually receive. Actual returns vary with tax, fees, the interest payment frequency and any change the bank makes to a rate before you open the account. Rates are the bank’s own published Consumer Data Right figures and may differ for particular balance tiers or online-only products. Always read the product disclosure statement, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.