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. Among other investments, Westpac term deposit is a smart choice for those who want to have a fixed income besides their daily job or business. 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.

Term Deposits Calculator

Why invest in Westpac Term Deposit?

Westpac has been Kiwis' go-to bank for their personal accounts, credit cards, insurance, loans, Kiwisaver, travel and many more. They’ve supported agribusinesses and continue to assist rural customers with their financial needs. Investing in a Westpac Term Deposit is an opportunity to fulfill your personal goals. Likewise, they provide quality customer support to aid you with applications, payment, deposits, and other concerns. You can also use the Westpac term deposit calculator in NZ to help plan your repayments.

Westpac Term Deposit Payments NZ

Interest at Maturity

Choose to receive your returns at maturity for terms of 30 days to 6 months. When you choose to be paid at maturity, your interest is paid in the full amount at the end of the term.

Regular Income

If you wish to be paid regularly or on a monthly basis, you can opt to settle with terms of six months or longer. You can have your interest paid into your Westpac bank account or any of your nominated bank accounts. This is usually advisable for those who need to supplement their NZ Superannuation or other types of income.

Compounding Interest

Aside from the standard term deposit where you earn interest on the principal, you can select to earn a compounding interest on your Westpac term investment for terms of six months or longer. This way, interest can be compounded on a quarterly basis which could bring you bigger returns at a faster rate.

Bruce Thornley , 2024-12-10

Jordan was patient, pleasant and took the time to answer all of my questions. She made sure that I understood all the steps and was clear and concise in her replies. Jordan first verified that I was the person paying the bills and ascertained that my husband had already expressed a change to Pulse but wanted to speak with me first. As we are both older, we appreciate that Jordan had taken the time to ensure that we understood the importance of a smart meter as there are two dwellings on this meter.

Selena Hoani , 2024-10-16

Filomena had amazing customer service! She was very polite and respectful. She also was great at listening to my needs and offering solutions with options that had great savings. I would give her 10 stars if that was an option. If I decide to go ahead I would choose to go have her help me again. I have not had the best experience in the past with customer service reps so I would like to thank her for making this experience a good one. Kind Regards, Selena

Shelley Bruce , 2024-10-14

Thanks for the call and check in. You recommended I stay with my current provider as the rates were top notch. I'll touch base again in the next 12-18 months, you made it super easy. Great friendly and confident salesperson.

KMN Sharma , 2024-09-06

The customer service was very good. Very pleasant and friendly approach. Thanks again for your help. Saving of 280$ for the same quality and performance. Will use this agency to get another deal after 12 months.

Sandra Aikin , 2024-11-26

My discussion with Tyron Kumar went very well. He was very patient and polite with my lack of knowledge of GBs etc. On the basis of our conversation I felt confident enough to change to 2 degrees immediately. I didn't give five stars because the sound was poor. It seemed as if there was a constant noise in the background and Tyron's voice had a slight echo as well.