Changing your term deposit maturity instructions.
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Changing your term deposit maturity instructions.
How great are things when they’re easy? That’s why when you set up a new personal term deposit with ME, we ask for your maturity instructions at the same time.
Manage your maturity
You can update your term deposit maturity instructions whenever you like. Just make sure your instructions are confirmed before your term deposit matures.
- For term deposits managed in the ME Go app or ME Go Internet Banking, you can update your instructions right up to your maturity date.
Updating your maturity instructions
ME Go Internet Banking.
Maturity options
There are a few different options to choose from for term deposits:
- Withdraw all – Transfer all funds to your nominated account.
- Reinvest all – Reinvest both principal and interest for another term.
- Reinvest principal – Reinvest principal and transfer the interest you're earning into your nominated account.
To change your maturity instructions:
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Log in to ME Go Internet Banking |
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Select your term deposit account |
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Tap ‘Manage maturity instruction’ |
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Click on ‘Update maturity instructions’ |
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Select your preferred option. |
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Follow the steps to update your maturity instructions. |
If you don’t give us maturity instructions before your term deposit matures, here’s what we’ll do:
We’ll automatically reinvest your term deposit if you:
- have a new ME Go Term Deposit
Your term deposit will be reinvested on the maturity date:
- for a new term of the same length as the term that has ended.
- At the interest rate applicable on the maturity date for a deposit of that term (and amount) with the interest paid at maturity.
- On the same terms and conditions except to the extent determined by us.
- These details will be confirmed in the confirmation letter we send you once your term deposit matures and is reinvested.
- The interest rate on reinvestment may be higher or lower than your current rate.
Business term deposits
For business term deposits, reinvesment is no longer available from 5 February 2025 in accordance with terms and conditions. For support please contact us on 13 15 63.