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 Bank app, this means at least two business days before your term 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.

ME Bank app.

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, or
have a Term Deposit set up via the ME Bank app with a term of 1–6 months and interest paid at maturity.

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.
If your term deposit is managed via the ME Bank app and either:
has a term longer than 6 months, or
has interest paid monthly,
and you don’t provide instructions, we’ll close your term deposit and transfer the funds 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.

Changing your term deposit maturity instructions.