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Maturity
When a term deposit reaches the end of its agreed term, this is called maturity. Once a term deposit reaches maturity it is up to the individual to notify the financial institution with instruction on what to do with their investment, for instance whether to reinvest or pay out the amount. If the financial institution is not notified often they will automatically roll over this amount for the same length of time, however the interest rate will be at the current rate, not necessarily the original rate.
If you are in the market for a term deposit, see the table below for a list of current specials for term deposits for less than 12 months from banks.
Disclaimer
This article is over two years old, last updated on June 30, 2010. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent term deposits articles.
Compare term deposits
$1,000
5.10%
for 6 months
5.10%
for 6 months
- 2024 Award Winner
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
$1,000
2.00%
for 1 month
4.90%
for 60 months
- 1 month
- Automatic maturity rollover
- Joint application available
$1,000
3.50%
for 3 months
4.80%
for 12 months
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
$5,000
4.70%
for 11 months
4.70%
for 11 months
Term Deposit Special
- 11 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by phone
$5,000
4.75%
for 12 months
4.75%
for 12 months
Special Term Deposit
- 12 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
$5,000
1.25%
for 1 month
4.70%
for 12 months
Advance Notice Term Deposit
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by phone
Product database updated 21 Apr, 2024
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