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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 can lock in a special interest rate through Internet Banking^, and increase or decrease the amount you reinvest^. You also 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 our 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 our 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 1.2MB