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Fishnenya
Fishnenya
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Term Deposit Grace Period

[ Edited ]
Posted by Fishnenya Fishnenya

on ‎19-01-2016 09:05 AM - last edited on ‎01-03-2016 11:29 AM by Moderator

Message 1 of 3 5,178 Views

want to chat about term deposit. "When your term deposit matures, enjoy 7 days grace to consider your options". What does this mean.

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SarahF
Moderator
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SOLUTION

Term deposit grace period

[ Edited ]
Posted by SarahF SarahF

on ‎19-01-2016 09:49 AM - last edited on ‎17-09-2019 01:45 PM by Moderator

Message 2 of 3 5,177 Views

Hi @Fishnenya, thanks for the question. Grace period is for the 7 days from the date your term deposit matures.

In this time you can either choose to reinvest or move your funds elsewhere.

 

You can do this by having a chat with our Online Messaging Team, popping into a Bankwest store or giving us a call on 13 17 19. Our Contact Centre is avialable at any time for your convenience.

 

If in the 7 days you do not do anything your savings will be reinvested for the same time frame you choose previously with the interest rate based on the maturity date. Hope that helps.

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cgm
Senior Contributor

Re: Term Deposit Grace Period

[ Edited ]
Posted by cgm cgm

on ‎20-01-2016 04:00 AM - last edited on ‎01-03-2016 11:30 AM by Moderator

Message 3 of 3 5,164 Views

What appeals to you about a term deposit @Fishnenya?

 

You might find some useful information in an earlier post - What incentive is there to choose a term deposit over an online savings account?

 

 

 

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© 2020 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.
Bankwest SWIFT code: BKWAAU6P
© 2020 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.