Term deposits

A term deposit is a cash investment held at a financial institution (e.g. a bank) for an agreed interest rate over a fixed term, so the interest rate does not generally change for the nominated term.

BT Invest has a range of term deposits offering a variety of terms and interest payment frequencies to meet your needs.

BT logo
Westpac 200 logo
St.George logo

3 months      6 months      1 year      3 years      5 years

With an initial investment minimum of $5,000, you can choose from a range of brands and payment frequencies.

Security of a low level of risk and a fixed interest rate that gives you a known rate of return, even in uncertain times.

Simple options on maturity to allow you to easily invest in a new term deposit. Term deposits can be applied for and managed online.


$60 + NIL + NIL
BT Invest administration cost (p.a.)* Management cost Transaction costs

For example, if you purchased a term deposit of $10,000 during the year, you'd pay:

$60 p.a.

* The $60 p.a. is an Account Based Administration Fee, and this fee will be the same regardless of how many investments you may hold (and won’t apply until you’ve made your first deposit). For example, if you later invest in a managed fund, your Account Based Administration Fee remains at $60 p.a.

Please note, an Asset Based Administration Fee applies to any investments in managed funds or the sector managed portfolio options (but not to BT Cash, term deposits or the five diversified managed portfolio options).

For further information see the ‘Fees & Costs’ section of the BT Invest Investor Guide and the ‘What are the fees and other costs?’ section of the BT Managed Portfolios PDS.



Term deposit rates

If you’d like to know the particular interest rate of a term deposit, they are freely available online after opening a BT Invest account (you can open a BT Invest account without needing to make a deposit).

View other investment choices

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Listed securities, typically referred to as shares, can be part-investments in an individual business traded on the Australian Securities Exchange (ASX). Listed securities also include financial products which track the performance of an index, such as Exchange Traded Funds (ETFs).

Managed funds are professionally managed investment portfolios with specific investment aims (e.g. to follow or do better than the market) and investment mixes (e.g. shares, bonds, etc).

Managed portfolio options are a portfolio of assets made up from managed funds, shares (which may include exchange traded funds) or cash. They are monitored by an appointed investment adviser to ensure the right investments in the right proportions are in place.

New to investing or want an expertly managed portfolio? You may like to consider one of five Ready-made managed portfolio options

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If you're ready to get started you can apply online in about 10 minutes. 

Things you should know

*Retail Funds Under Administration as at June 2015 for BT, (Source: Plan for Life). 

BT Portfolio Services Ltd ABN 73 095 055 208 AFSL 233715 (BTPS) operates BT Invest. Throughout this website, BTPS is referred to as 'the Administrator', 'us' or 'we'. BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (BTFM) is the responsible entity and issuer of interests in BT Cash and Westpac Financial Services Ltd ABN 20 000 241 127 AFSL 233716 is the responsible entity and issuer of interests in BT Managed Portfolios (the Panorama products). Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac) is the issuer of the BT Invest Cash Management Account (BT CMA). Together, these products are referred to as the BT Invest products. A Product Disclosure Statement or other disclosure document (PDS) for the BT Invest products can be obtained by contacting BT on 1300 881 716 or by clicking here. You should obtain and consider the disclosure documents before deciding whether to acquire, continue to hold or dispose of interests in the BT Invest products. Unless otherwise stated, capitalised terms used in this website have the meaning given in the BT Invest Investor Guide. Any tax position described in this website is a general statement and for guidance only; it does not constitute tax advice and is based on current tax laws and our interpretation. You should seek independent professional tax advice.

BTPS, BTFM and WFSL are subsidiaries of Westpac. Apart from any interest investors may have in Westpac term deposits, Westpac securities or the BT CMA acquired through the BT Invest products, an investment in, or acquired using, the BT Invest products is not an investment in, deposit with or any other liability of Westpac or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of any investments in, or acquired through, the BT Invest products.