on 18-01-2016 09:05 AM - last edited on 29-02-2016 11:29 AM by LyndsC
on 18-01-2016 09:49 AM
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 popping into a Bankwest store or speaking with us via phone. If in the 7 days you do not do anything your savings will be reinvested for the same timeframe you choose previously with the interest rate based on the maturity date. Hope that helps.
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on 19-01-2016 04:00 AM - last edited on 29-02-2016 11:30 AM by LyndsC
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?