on 19-01-2016 09:05 AM - last edited on 01-03-2016 11:29 AM by LyndsC
on 19-01-2016 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.
on 20-01-2016 04:00 AM - last edited on 01-03-2016 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?