Upon maturity, if you choose not to renew your savings account, your deposit and any accrued interest or profit will be returned to your Transaction Account. You can then withdraw it to your Nominated Account or open a new savings account from our marketplace.
If you have a pending savings account application (i.e., you haven’t transferred the full amount), and your matured funds meet or exceed the required amount, they will be automatically allocated, and the account will be opened. To prevent this, cancel the application before maturity.
Note: Fund transfers to your Transaction Account may take up to two business days.