What are the costs for ending a term deposit?
If we agree to end your term deposit prior to the maturity date:
- You won’t have access to the funds until after 31 days from the date we agree to your request (unless grounds of hardship exist).
- You’ll lose a portion of the interest earned on your investment, calculated up to the date your Term Deposit is broken. The amount of interest you will lose will depend on how early in the investment term you seek to withdraw your funds.
- You’ll be charged a $30 early withdrawal administration fee.
For information on the portion of interest adjustment, please read our Product Information Document.