Why do I need to give 31 days’ notice to break a term deposit?
Last Updated: 15 Oct 2015
A 31 day notice period is required to comply with a regulatory standard which affects Australian owned banks. ANZ, BNZ and Westpac all have a notice period for term deposit early withdrawals. The 31 day notice period can be waived where you are experiencing hardship or exceptional circumstances (as reasonably determined by us).
Did this answer your question?
Related Answers
-
ASB doesn’t guarantee term deposit balances including returns that are due but haven’t been paid to you. ASB guarantees ASB ...
-
You can request to make an early withdrawal of you term deposit before the maturity date, by giving 31 days’ ...
-
If you're able to make an early withdrawal we apply a reduced rate of interest to the amount that is ...
-
A 31 day notice period is required to comply with a regulatory standard which affects Australian owned banks. ANZ, BNZ ...
-
Yes, if your investment in a term deposit or an ASB Term Fund account is for a term of six ...
-
There are two key differences between a term deposit and an ASB Term Fund account: How the investment is taxed, ...
-
You can open a Term deposit or ASB Term fund online in FastNet Classic. Please note: You’ll need to know ...
-
Term deposit With a term deposit you can access your money earlier, but you’ll have to give us 31 days’ ...
-
No, once a term deposit or ASB Term Fund account is set up you won’t be able to add more ...
-
Check the branch locator to find the ASB branch or ATM nearest to you, or if you are using the ...
