ABC. 123. Sunday morning. 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.

If you don’t provide any maturity instructions, it’s set to be automatically reinvested when it matures, creating a new term deposit of the same length and interest frequency.

Manage your maturity

You can change your term deposit maturity instructions whenever you like. We’ll send a reminder approximately 10 business days before your term deposit matures. Just make sure to let us know what you’d like to happen at least two business days before your term deposit matures.

Personal term deposits

For personal term deposits, if you have a Term Deposit with a term between 1 to 6 months, and do not provide maturity instructions at least two business days prior to the maturity of your term deposit, we will reinvest your term deposit 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 same interest payment frequency.
  • 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.

If you have a Term Deposit with terms greater than 6 months (between 7 to 60 months), and do not provide maturity instructions at least two business days prior to the maturity of your term deposit:

  • The account will be closed and the funds transferred to your nominated account.
  • If maturity instructions are provided, you may reinvest your term deposit with a term of 6 months or less.


You can also change your maturity instructions by:

Maturity options

There are a few different options to choose from for term deposits:

  • From 28th July 2025, you can choose to reinvest your term deposit with only available terms between 1 or 6 months  while we wait for our new digital TD.
  • Reinvesting the original amount, plus the interest earned into a new term deposit with terms between 1 or 6 months.
  • Reinvesting the original amount, and depositing the interest earned to your nominated account.
  • Reinvesting a part of the original deposit into a new term deposit with terms between 1 or 6 months.
  • Reinvesting the original amount, plus interest earned plus an extra amount into a new term deposit with terms between 1 or 6 months.
  • Closing the term deposit with the original investment and the interest deposited to your nominated account.


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.


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