What changes can be made to a term deposit in online banking?
Prior to the maturity date, if you are the sole account owner, you can elect to redeem to a Defence Bank savings account in your name at maturity.
Prior to the maturity date, if you are the sole account owner, you can elect to renew your term deposit for the same term at the rate available on the day of maturity.
From 15th of April 2025, at the maturity date or during the ‘grace period’, you are unable to change your instructions to redeem in full via online banking. Any instructions loaded in online banking during the grace period will be processed at the next maturity.
From 15th of April 2025, at maturity, you can chose to add or withdraw funds from a term depoist that has renewed so long as you have not provided instructions to us to process a change and you leave the minimum $1,000.00 in the account.