If you give consent for your Term Deposit to be automatically reinvested by the Bank at the end of the term, please be aware that your investment will be reinvested at the then current interest rate applicable for the same Term, meaning the interest rate applied to your new investment could be lower than our current interest rates. Should you need to withdraw the funds from the Term Deposit before the end of the agreed term (break your Term Deposit) you must notify the Bank and you will not be able to access your funds until 31 days have passed from the first business day since you notified the Bank unless you are suffering financial hardship.įor information about accessing your term deposit funds early, view ‘Breaking Your Term’ within the Product Information Document. Once you have invested in a Term Deposit, your funds are locked away for the Term you have chosen. Before you consider investing in a Term Deposit, you should consider whether there is a chance you may require immediate access to your funds in the future.
