What happens if I don’t provide any maturity instructions?

IN: Business Savings FAQs

If you have a Fixed Rate Account or a Fixed Rate Account with access and you do not advise us of your maturity instructions, your account will roll into another Fixed Rate Account or Fixed Rate Account with access of the same or similar term.

Interest will automatically be paid into your new account and will be paid monthly, irrespective of any previous instructions you have given us. If you wish to change where the interest is paid to, you can do so by logging into Internet Banking, clicking on the relevant account in the Accounts page and clicking on the Interest Payment Instructions link in the Account Tools section.

If you have a Customised Fixed Rate Account and you do not advise us of your maturity instructions we will automatically return your money to your nominated business bank account.

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