Savings account maturity guide

We know maturity can be a confusing topic, but we’re here to make it simple. Read on to learn the ins and outs of maturity, and find out when your savings account will mature.

Firstly, how does a savings account work?

Step 1

Open a savings account

We have a wide range of savings accounts to choose from, and you can apply either online, over the phone or in branch (depending on the chosen account).

Step 2

Add money and watch your interest grow

As long as you follow the account's terms and conditions, you'll continue to earn interest.

Step 3

We'll tell you when your account is about to mature

About 14 days before your savings account is due to mature, we'll send you a letter or email to let you know your options.

Step 4

Choose what you'd like to do with your money

Let us know if you want to keep saving your money with us or get it sent somewhere else.

So, what exactly is maturity?

Maturity simply refers to the end date of your savings account. When your maturity date arrives, you'll need to tell us what you'd like to do with that money.

When will my savings account mature?

Already got a savings account with us? If it's maturing in the next 12 months, you can find out the exact maturity date by selecting your account name and issue number from the dropdown list.

These details can be found on your online account, or on a letter or email we sent you about opening your account. You'll also be able to find this information in your passbook if you got one when opening your account.

Savings account (required)

This list only includes accounts maturing in the next 12 months (unlisted accounts will mature later)

Your options when your account matures

  • Keep saving your money with us
  • Take out your money
  • Save some of your money with us and take out the rest

If you do nothing

If your maturity date passes and you haven't told us what to do with your money, then it will automatically go into an instant access account. Please keep in mind there may be accounts with better rates available.

Frequently asked questions