Changing the amount you reinvest in a new term deposit

You can change what happens to your term deposit at maturity in Internet Banking^.

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 increase the amount you invest at maturity

1. Log in to Internet Banking.
2. Select your term deposit account. 
3. Click Change what happens at maturity. 
4. Read the information on screen, click Next. 
5. On the next screen, click Reinvest. 
6. Click Set up your next term. 
7. Click Increase. 
8. Enter the amount you want to increase by. 
9. Choose the account the extra amount will come out of, and click Next.
10. Choose a reinvestment term, and click Next. 
11. Now choose how you’d like your interest to be paid. Either Add to your term deposit or Pay out to account. 
12. Click the drop-down menu to select the frequency of your compound interest payment, and click Next.  
13. Review the reinvestment details and click Save. 

How to decrease the amount you invest at maturity

1. Log in to Internet Banking.
2. Select your term deposit account. 
3. Click Change what happens at maturity. 
4. Read the information on screen, click Next. 
5. On the next screen, click Reinvest. 
6. Click Set up your next term. 
7. Click Decrease. 
8. Enter the amount you want to decrease by. 
9. Choose which account you want your money to go to.
10. Choose a reinvestment term, and click Next. 
11. Now choose how you’d like your interest to be paid. Either Add to your term deposit or Pay out to account. 
12. Click the drop-down menu to select the frequency of your compound interest payment, and click Next.  
13. Review the reinvestment details and click Save. 

Download the guide

How to re-invest an increased or decreased amount in a new term deposit PDF 368KB

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).