When does my fixed term savings account mature and which account will you deposit the funds into?
We will write to you with a reinvestment pack in advance of your maturity date to advise what happens next.
Upon maturity of your fixed term savings account, your funds will be automatically reinvested into a new fixed term savings account unless you choose to opt out of this on the maturity date of your account. Instructions on how to do this will be included in your reinvestment pack issued prior to the maturity date.
If you do choose to opt out of the automatic reinvestment of your funds into a new fixed term savings account, you will be able to do so via telephone, by completing the form included in your reinvestment pack, filling out our online form, or by visiting one of our branches.
Your fixed term savings account will then be converted to an Instant Saver account with instant access on the maturity date. Your initial deposit plus accrued interest will remain in this account until such time as you wish to do something else with it. If you choose to use a nominated account for receipt of interest, any outstanding interest at maturity will be paid into your nominated account.
If you wish to discuss this further please contact us over the phone.
