Can I choose to redeem my term deposit online if it matures today?
Full redemption:
No - All instructions to redeem a term deposit in full need to be received prior to maturity, if it is already the day of maturity you will need to submit your request in writing for our team to process on your behalf.
Partial redemption:
Yes - From 15th of April 2025, if you are an owner of the account (not a signatory) and would like to redeem a portion of your term deposit to a Defence Bank savings account, you can do so via online banking