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What happens when my term deposit matures?

What happens when my term deposit matures?

We will write to you about two or three weeks before your term deposit matures to let you know the maturity date is approaching and outline your options. You may be able to add or remove funds, change the length of your term, change the way interest is paid or close your term in the 10 days after your term matures. After this date, any funds in your term deposit will be reinvested.