Rolling over a term deposit
Through your adviser, you may elect to roll over the term deposit to a new term deposit for the same term from the same issuer. You can roll over either the principal or the principal plus any interest earned on the maturing term deposit.
Importantly, where you wish to roll over the term deposit, the proceeds from the maturing term deposit are first credited to your CMA and then invested in the next available term deposit. We recommend you or your adviser check your CMA balance prior to maturity of the term deposit to ensure that you do not fall below an available cash balance of $2,500. If your CMA balance falls below this level, or if processing the rollover will bring the available CMA balance below $2,500, the rollover may not proceed, the funds will remain in the CMA and a transaction fee for the redemption of the term deposit will apply. For further information on transaction fees, please refer to the Guide. Your adviser is able to update your rollover instructions one Business Day prior to maturity (up until 5:00pm Sydney time).
