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At the time of opening your term deposit account, you set instructions for what you would like us to do at the maturity of the term deposit. This can include

  • closing the account and transferring funds to another nominated account, 
  • renewing the term deposit for a further period
  • or a combination of these options.

These instructions can be amended any time up to your term deposit maturity or within the grace period following the account maturity. 

When your fixed term deposit matures you can choose to leave your money - and the interest you've earned - in a term deposit (it’s what we call a rollover) or you can withdraw your money. 

View the Term Deposit Account Terms & Conditions for more information about rollovers.