Changing your term deposit maturity instructions.
ABC. 123. Sunday morning. How great are things when they’re easy? That’s why when you set up a new personal or business term deposit with ME, we ask for your maturity instructions at the same time.
If you don’t provide any maturity instructions, it’s set to be automatically reinvested when it matures, creating a new term deposit of the same length and interest frequency.
Manage your maturity
You can change your term deposit maturity instructions whenever you like. We’ll send a reminder approximately 10 business days before your term deposit matures. Just make sure to let us know what you’d like to happen at least two business days before your term deposit matures.
Personal term deposits
For personal term deposits you can change your maturity instructions by:
Business term deposits
For business term deposits, the authorised representative can change maturity instructions by:
Maturity options
There are a few different options to choose from for term deposits:
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Reinvesting the original amount, plus the interest earned into a new term deposit.
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Reinvesting the original amount, and depositing the interest earned to your nominated account.
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Reinvesting a part of the original deposit into a new term deposit.
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Reinvesting the original amount, plus interest earned plus an extra amount into a new term deposit.
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Closing the term deposit with the original investment and the interest deposited to your nominated account.