Reinvesting the full amount of your term deposit at maturity
You can change what happens to your term deposit at maturity in Internet Banking^.
When you’re more than 14 days away from your maturity date, you can set up to reinvest, or choose to be paid out the full amount at maturity. If you’re setting up to reinvest, you’ll be able to select a term but you won’t see the interest rates yet^.
When you’re within 14 days of your maturity date, you may be able to lock in a special interest rate through Internet Banking^. Special interest rates are available for selected terms only. You can also increase or decrease the amount you reinvest.
You’ll have the flexibility to come back and change what happens at maturity as often as you like, right up to the business day before your term deposit matures.
Follow the steps below, or use the downloadable guide.
How to reinvest at maturity
- Log in to Internet Banking.
- From the main screen, click on your term deposit account.
- Click Change what happens at maturity.
- Read the Before you begin information, and click Next.
- Select Reinvest.
- Select Edit (the button you’ll see if your term deposit has already been set up to reinvest).
- Select Set up your next term (the button you’ll see if your term deposit has been set up to be paid out to your account at maturity).
- Click Total balance, and click Next.
- Choose a reinvestment term, and click Next.
- Depending on the term you’ve selected, you might now have the option to choose how you’d like your interest to be paid, and the frequency of those interest payments.
- If you choose Add to term deposit, click the Frequency drop-down menu to select how often you would like your interest payments to be added.
- If you choose Pay out to account, click the Account drop-down menu to select which account to have the interest paid into, and then select the frequency of those payments, and click Next.
- Review the reinvestment details and click Save.
Download the guide
Watch our video
Watch our video on how to manage your term deposit using Internet Banking, which explains how to:
1. Reinvest the full amount of a term deposit (0:26).
2. Reinvest an increased or decreased amount in a new term deposit (2:02).
3. Pay out your whole investment (3:23).