Term Deposits

Enjoy savings and guaranteed growth with a tailored Limited Offer term deposit1.
Contact us for quotes on amounts over $250,000.

For 3 Months*

4.25% p.a. %

P.A
For 6 Months

4.15% p.a. %

P.A
For 12 Months

4.00% p.a. %

P.A
For 18 Months

4.00% p.a. %

P.A
1Interest rates are current as at 4 June 2025 and subject to change. The above rates are based on interest paid at maturity for terms up to 12 months and interest paid annually and at maturity for terms greater than 12 months. * Contact us for quotes on amounts over $1,000,000. Minimum deposit of $1,000 required for the Limited 3-Months Offer above

Existing Customer? Enquire here New Customer? Enquire here

Our Features

Rock-solid rates

Get guaranteed returns: lock in rock-solid term deposit interest rates

Fee-free

No set-up fees, no account-keeping fees. It’s your cash, and it stays that way.

Tailored to suit

Invest as little as $1000 for between one month and 2 years.

Paid as you like

Get payouts monthly, annually or at maturity.

Term deposit rates

Interest paid at maturity for terms up to 12 months, and interest paid annually and at maturity for terms greater than this.
Term $1,000-$24,999 $25,000 - $1,000,000
3 - 5 months 2.10% 2.20%
6 - 11 months 2.50% 2.60%
12 - 17 months 2.80% 3.00%
18 - 24 months 2.90% 3.10%
Interest paid monthly
Term $5,000 - $24,999.99 $25,000 - $1,000,000
6 - 11 months 1.70% 1.80%
12 - 23 months 2.55% 2.75%
24 months 2.80% 3.00%
Farm Management Deposits

Farm Management Deposit Scheme (FMD) is a term deposit designed for primary producers to defer their income in years of high earnings to balance taxable income in financial years of low income.

Funds invested in FMD can be claimed as a tax deduction against the primary producer’s taxable income in the year of investment. Conversely, any funds withdrawn from the FMD must be declared as taxable income in the hands of the primary producer in the relevant financial year.

WAW provides very competitive rates for investment terms from one to two years. Please consult your tax adviser for further information about Farm Management Deposits. 

Term Deposit Interest Paid Quarterly Interest Paid Annually
12 - 24 months $1,000 - $800,000 4.15% p.a. 4.25% p.a.
For businesses
We offer investment rates for corporate investors for amounts over $250,000. These rates are priced on application as terms and rates are designed to suit your investment needs. To find out more about options, please contact us on 1300 368 555.
Things you should know
Through BankWAW’s term deposits, you’ll be able to enjoy savings and guaranteed financial growth. Clients can invest as little as $1,000 for between one month and two years. We don’t have set-up or account-keeping fees, and we provide payouts monthly, annually, or at maturity.

The contents of this website have been prepared without considering your objectives, financial situation or needs. Because of that, before making a decision regarding a product or service offered via this website, please consider its appropriateness to your circumstances. Please view our Financial Services Guide and the full terms and conditions for the product mentioned. You can also ask for a copy of these from any WAW Service Centre.

Government Guarantee

Deposits with WAW are covered by the Government's Financial Claims Scheme. Giving you peace of mind that your deposits are covered up to $250,000.

View The Guarantee

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