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Term Deposits

Longer term investments with higher rates of return or short term investment periods.

Term Deposits

Term Deposits

With a WAW term investment you can be safe in the knowledge that your money is locked away and working hard for you.

Whether you are looking for a longer term investment with higher rates of return or a short term investment period, we have the product for you.

Contact your nearest WAW Customer Service Centre or call our Directlink Customer Service team on 1300 368 555 to find out how to get your WAW term investment working for you.

Features

Account Features

  • Minimum deposit is $1,000.
  • The minimum term is 3 months and the maximum term is 2 years.
  • There are no account-keeping fees.
  • Interest is calculated on the daily balance.
  • Interest and principal repayments may be made directly to a WAW account, by corporate cheque, or electronically to another financial institution.
  • No principal additions are allowed during the term of the investment.
  • Interest is paid annually, or on maturity.
  • Deposits re-invested on maturity at current rates unless otherwise instructed.
  • Full or partial redemption before maturity will incur a rate penalty.
Rates
  $1,000 to
$4,999.99
$5,000 to
$24,999.99
$25,000 to $1,000,000
3 - 5 months       1.90% p.a. 1.90% p.a. 2.10% p.a.
6 - 11 months    2.05% p.a. 2.15% p.a. 2.25% p.a.
12 - 18 months  2.20% p.a. 2.30% p.a. 2.50% p.a.
19 - 24 months  2.50% p.a. 2.60% p.a. 2.65% p.a.

Download our Deposit Interest Rate Schedule here

  
Rates are correct at time of publication but are subject to change without notice. Rates & terms for amounts above $1,000,000 are available on application.
 

Find out about our Limited Offer Investments here

 

 

Fees

There are no fees applicable to term deposits.
 

Download our Transaction Fees and Charges Schedule here

How To Apply

If you are interested in opening this type of investment account please fill out our online enquiry form and one of dedicated staff will contact you so we can further the application process. We will need your name, contact details and the product you are interested in taking out, we can help you do the rest. 

Alternatively, you can contact us on 1300 368 555 and ask to speak to a term investment specialist.

Enquire Now