1 live product
Heartland
Best match at selected term
4.93%p.a.
Term Deposit
Pays maturity across a 12-month term.
Term
12 months
Payout
maturity
Min deposit
$5,000
Finding the best rates…
Term Deposits Comparison
Bank One
Heartland
Best available
Up to 4.93% p.a.
Line-up
1 live product
VS
Heartland vs Westpac
Compare Heartland and Westpac term deposits in March 2026. Heartland offers rates up to 4.93% p.a. across 9 term lengths, while Westpac reaches 3.55% p.a. across 17 terms.
Tune The Comparison
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VS
1 live product
Westpac
Best match at selected term
3.55%p.a.
Term Deposit
Pays maturity across a 12-month term.
Term
12 months
Payout
maturity
Min deposit
$5,000
Live edge
Heartland currently pays 1.38% more at 12 months, worth about $138 extra on $10,000.
1.38% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Heartland | Westpac |
|---|---|---|
| Rate at selected term | 4.93% | 3.55% |
| Best headline rate | 4.93% | 3.55% |
| Minimum deposit | $5,000 | $5,000 |
| Interest payment | maturity | maturity |
| Terms available | 14 | 39 |
All Heartland Products
Every tracked term deposits option from Heartland.
All Westpac Products
Every tracked term deposits option from Westpac.
Heartland's best term deposit rate is 4.93% p.a. across 14 variants, while Westpac offers up to 3.55% p.a. across 39 variants. Heartland pays 1.38% more, earning you an extra $690 on a $50,000 deposit over 12 months.
Heartland offers terms of 1 month, 3 months, 6 months, 9 months, 1 year, 2 years, 3 years, 4 years, 5 years, while Westpac covers 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 1 year, 1.9166666666666667 years, 2.9166666666666665 years, 3.9166666666666665 years, 4.916666666666667 years, 5 years.
Quick Comparison
| Feature | Heartland | Westpac |
|---|---|---|
| Best Rate | 4.93% | 3.55% |
| Min Deposit | $5,000 | $5,000 |
| Terms Available | 9 | 17 |
| Payment Options |
Common Questions
Heartland vs Westpac FAQs
Which bank has the better term deposit rate, Heartland or Westpac?
Heartland currently offers the higher rate at 4.93% p.a. Compare specific terms and deposit amounts for the most accurate comparison.
What term deposit rates does Heartland offer in 2026?
Heartland's best term deposit rate is 4.93% p.a. They offer 9 different term lengths.
What term deposit rates does Westpac offer in 2026?
Westpac's best term deposit rate is 3.55% p.a. They offer 17 different term lengths.
How much more interest can I earn with Heartland on a $50,000 term deposit?
At current rates, Heartland pays approximately $690 more per year on a $50,000 deposit, based on their 1.38% rate advantage.