Term deposits linked to an estate

If you’ve already notified us about a bereavement, here’s what you can expect will happen to any term deposits that the person has.

What to expect

If a person has passed away and they have a term deposit, when the term ends, we’ll reinvest the deposit for the same length of time at the interest rate available at the time.

• For estates worth under $15,000, we’ll roll over their term deposits until we receive all the documentation we need to pay out and close their accounts.
• For estates worth over $15,000, we’ll roll over their term deposits until probate is granted.

Bereavement support

For support and information about our process of managing an estate, visit our bereavement assistance page.