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What are my options when my Term Deposit matures?
When your Term Deposit matures, you have the following options:
- Reinvest – Your funds will be automatically reinvested for the same term on the date your Term Deposit matures.
- Partially reinvest – Keep some of your initial funds invested while withdrawing the rest. We’ll place any funds not reinvested into your Everyday Account.
- Increase your investment – Add additional funds to your investment for greater returns.
- Change the term – Invest your funds for a new term of between 1 to 13 months.
- Withdraw your investment – Withdraw all of your funds.
If you don’t provide us with instructions, we will automatically reinvest your funds for the same term. You then have 7 calendar days to provide alternative instructions in relation to your reinvested funds without incurring an interest reduction penalty.
You can send us instructions via Service Request in Online Banking, or by calling us on 13 95 00.
All investments and reinvestments are subject to the interest rate applicable on the date your Term Deposit matures. You can click here to view our current rates.