How do I transfer funds out of my savings account?
Depending on the type of savings account you’ve opened, the way in which you’ll be able to transfer funds out of your account may differ.
- If you have opened a Term Deposit, you will have the maturity date plus the following 7 days to add or remove funds. After this time, the term will reinvest. If you need to access your funds outside this 7 day period, you’ll need to give us 31 days’ notice, and an interest rate adjustment will apply*. You will need to contact us to arrange this.
- If you’ve opened a Bonus Saver Account, you’ll need to transfer funds out to a linked everyday account before you can then transfer it elsewhere.
- If you’ve opened a Life Saver, you are able to freely transfer funds out of your account at any time.
Just be aware that by transferring funds out of your savings account, you may be at risk of failure to meet the account conditions in order to earn interest in a given month.
*31 day notice period applies to early withdrawals from Term Deposits opened or last renewed on or after 23 February 2026. Term Deposits opened or last renewed before this date are not subject to a notice period. An Interest rate reduction also applies to early withdrawals.