Compound interest in a Term Deposit is the secondary interest you earn when your principal and interest are combined. You can get bigger returns than how much you earn in a standard Westpac term deposit interest rate.
You can start your Westpac Term Deposit at $5,000 up to $5 million.
Yes. However, subject to change by Westpac, which is based on the NZ market. You can still earn a fixed interest rate according to your agreement as long as you continue with your investment at maturity.