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Term Deposit Grace Period

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Posted by Fishnenya Fishnenya
Message 1 of 3 5,028 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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Term deposit grace period

[ Edited ]
Posted by SarahF SarahF
Message 2 of 3 5,027 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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Re: Term Deposit Grace Period

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Posted by cgm cgm
Message 3 of 3 5,014 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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