The Norwest bank branch will be closed until further notice. Learn More.

Money doesn’t grow on trees, but it will in your term deposit.

Our interest rates always remain competitive, so you can safeguard your savings and enjoy the windfall at maturity.

  • Pick from a variety of interest rates
  • Secure your funds between 3 and 24 months
  • We calculate your interest daily

Our latest rates

Term $2,000 to $4,999 $5,000 to $24,999 $25,000 to $49,999 $50,000 or more
3 Months 0.50% p.a. 0.50% p.a. 0.55% p.a. 0.60% p.a.
6 Months 0.55% p.a. 0.55% p.a. 0.60% p.a. 0.60% p.a.
9 Months 0.55% p.a. 0.55% p.a. 0.60% p.a. 0.60% p.a.
12 Months 0.60% p.a. 0.60% p.a. 0.65% p.a. 0.65% p.a.
24 Months 0.55% p.a. 0.60% p.a. 0.60% p.a. 0.60% p.a.

Important Notes
Eligibility criteria, terms and conditions, fees and charges apply. All Term Deposit interest rates are per annum. Interest rates may be negotiable for deposits $50,000 and over. Interest is calculated daily at the interest rate advertised for the term and are paid on maturity of the investment. Interest rates are current as of 05/07/2021. Product may be withdrawn at any time without prior notice. Product issued by Woolworths Team Bank Limited.

Deposit your money, watch it grow

(1) Become a member if you aren’t one already.
(2) Fill out an application in just a few minutes.
(3) Send your enquiry. It’s that easy!

Or, call 1300 665 553

Monday – Friday (8:30am to 4:30pm)

Additional Information

Key Features
Availability of funds Funds withdrawable at maturity
Minimum to open $2,000
Interest income Calculated daily, paid annually and on maturity
Early access available On application and subject to early withdrawal restrictions above

Get started today

Apply for a term deposit

Questions?

If you have any questions, please contact us