Features and benefits
Westpac term deposits rates are one of the most competitive interests offered in NZ, making them the best option in expanding your savings. Know how you can make your money grow by inquiring with Westpac term deposit. Check out Westpac term deposit rates NZ with glimp and find the right one that suits you best. The sharpened Westpac price represents the first big move from Kiwi lenders since the New Year, with the Reserve Bank's monetary policy measures further expected to push down borrowing costs and rates. Westpac's new offer is available to customers with a 20% deposit buying a home they intend to live in. Gina Dellabarca, Westpac NZ's general. Rates are available for Retail and Business Banking customers and apply up to the first $5,000,000 of deposits held either solely or jointly with Westpac. Westpac New Zealand Limited. You can get a copy of the current Disclosure Statement for Westpac New Zealand Limited, and a copy of the term sheet for Term Deposits here or from any Westpac. Special Term Deposit offer 0.40% p.a. Fixed rate for 12 months Offer available from 5th February 2021 for a limited time only on Term Deposits opened or renewed by personal customers. Available on deposits from $5,000 - $2,000,000 with interest paid monthly or at maturity. Find the best deposit rates on offer at DepositRates.co.nz. Compare interest rates from most New Zealand lenders and use our sortable table to view different products and terms.
- No monthly account service fee or establishment fee1
- Competitive interest rates with fixed amounts, rates and terms
- A range of fixed investment terms available to suit your needs
- Interest paid monthly, annually, or at maturity2.
Term Deposit Interest Rates Nz
Refer to the PNG Customer Services Fees & Charges Brochure (PDF 90KB) for details.
New customers
To open a Westpac business account, you’ll need to provide us with a signed and completed company account opening form, along with some current identification documents.
Nz Term Deposit Rates
We are required to verify:
- Full name of the company
- Registered office or business address, including country
- Incorporation number/Business registration number
- Place of incorporation/registration
- Date of incorporation/registration
- Business licence number (if any)
- Source of funds
- Tax Identification Number (TIN)
- Nature and business of the company
- Ownership structure
Personal identification requirements
Under PNG banking regulations, each director, secretary, any shareholder who owns 20% or more and any person(s) authorised to operate on the account are required to meet personal identification requirements.
They will need to provide us with a signed and completed associated party form, along with some current identification documents.
Company and personal information must be verified from a combination of identification documents. Download the Opening a business transaction account brochure (PDF 167KB) for a list of accepted identification documents and any other requirements that you may need to meet.
Existing customers
You may have already provided necessary identification or you may need to provide some additional current identification documents. Visit your local branch to get started.
Need help?
Simply speak to a Banking Representative by calling (+675) 322 0888.
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. Early termination fee applies if the Term Deposit is ended before the full term.
Westpac Term Deposit Rates Nz Currency
2. Confirmation, Maturity, Renewal and Repayment advices sent. Once your fixed term ends, you can withdraw your funds by bank cheque, cash or direct credit into another bank account.