Term Deposits

What happens at the end of my term deposit term?

As part of the process to set up a term deposit, we’ll ask for your instructions regarding whether you would like to withdraw or reinvest the funds at the end of the term. You can contact us at anyti…

Jasmine Shillington
Updated by Jasmine Shillington

Can I withdraw from my term deposit early?

If you wish to withdraw your term deposit early, you must provide us with 31 days’ notice. We do not allow partial withdrawals from a term deposit. Early withdrawal from a term deposit will incur the…

Jasmine Shillington
Updated by Jasmine Shillington

What's the difference between Investment Plus and Income Plus term deposits?

The interest for Investment Plus Term Deposits is paid at the end of the term, or annually if the term is more than 12 months. The interest for Income Plus is paid at the end of each month for the te…

Jasmine Shillington
Updated by Jasmine Shillington

Can I fund a new term deposit from an account with another bank?

Yes, we can provide you with the BSB and account number to transfer the funds into the term deposit. If the funds are not received within 7 calendar days, the term deposit will be closed and you will…

Jasmine Shillington
Updated by Jasmine Shillington

Contact