11-20 of 141 results for “TERM DEPOSITS”
Can I close my term deposit during the grace period via online banking?
No, not via online banking. However, you can set up your term deposit to redeem at maturity to a Defence Bank savings account by completing a withdrawal request via online banking. If you wish to fully close your term deposit during the grace...
Can I make changes to my child's term deposit in Online Banking?
When you sign into Online Banking with your individual membership number, you are a signatory to your child's accounts and so cannot make changes to your child's term deposit renewal instructions in Online Banking.
Can I complete self-serve term deposit renewal instructions via the App?
Currently the term deposit self-serve option is only available in online banking. We hope to have it deployed to the Defence Bank App at a future date.
What if my term deposit grace period ends on a public holiday?
From 15th of April 2025, you can still add or withdraw funds right up to the last day of your grace period in online banking. If you don’t have online banking, you are required to provide instructions to us before the public holiday to avoid any...
How do I open a savings account or term deposit through the app?
Open a new savings account, everyday account, or term deposit is quick and hassle-free by following these easy steps: Log in to the Defence Bank app. From the ‘Main Menu’, select ‘Products’ then ‘Open Account’. Tap on the account type you would like...
Will you advise me of my up-coming term deposit maturity?
If you have an email address on file with us, a month before the maturity date we will email a reminder notice to ask you what you’d like to do with your term deposit.
How do I add funds to my term deposit during the grace period?
From 15th of April 2025, if you are an owner of the account (not a signatory) and would like to add funds or redeem a portion of your term deposit to or from a Defence Bank savings account, you can do so via online banking: Select transfer, (found...
How many days after maturity can I access my term deposit without penalty?
From 15th of April 2025 the grace period will be 7 calendar days.
Am I able to withdraw money from my term deposit before it matures?
If you require your funds before the maturity date of the term, either partially or in full, a pre-payment adjustment and an early redemption fee of $30 will apply. Percentage of the term lapsed. Adjustment to be applied as a % of your interest rate...
Can I add in extra money to the term deposit before it matures?
While it’s not possible to add funds during the term, you can add any funds at maturity for the next term. We’ll send you the form via email, up to a month before the maturity date to ask you what you’d like to do, and you can note on the form that...
