Manage your Term Deposit

    

    

When your Term Deposit matures, you will have 14 days to make any changes, such as adding funds or withdrawing interest.

    

Choose from three easy options

  1. Do nothing: your Term Deposit will be renewed automatically
  2. Make changes, such as adding or withdrawing funds
  3. Close your Term Deposit
     

The interest earnt can be:

  • Credited to a Bank of Melbourne or other account
  • Reinvested in a new Term Deposit
  • Paid to you by cheque or cash at a Bank of Melbourne branch (fees may apply)

How to renew your Term Deposit online

Step 1.

Logon to Internet Banking

Step 2.

Select ‘Renew now’ from the ‘My Accounts’ page

Step 3.

Choose renewal options and confirm your details


Please note, the ‘Renew now’ link will only be available when your term deposit is in its grace period.

 

 

Renew online

 

You can also renew a term deposit at any Bank of Melbourne branch during business hours or by calling us on 13 22 66.

Need to register or activate your Internet Banking?

Registering for Internet Banking only takes a few minutes. And once you’re registered, you can use Mobile, Tablet or Phone Banking.

View how to register/activate Internet banking

Before making a decision, please read the Terms and Conditions (PDF 179KB) and ensure you're aware of all access terms, break costs and applicable interest rates.