The maximum amount you can deposit depends on the provider.In general the maximum deposits are $5000,000 .If you’d like to apply for a higher term deposit amount, speak with the product provider who can instruct you on the process.

If you haven’t provided instructions for when your fixed income investment matures, more often than not it will automatically be reinvested for the same term at the interest rate applicable on the date of maturity. You often will have seven calendar days after your funds are reinvested to make any changes (such as adding or withdrawing funds) at no cost.

This varies from provider to provider, but in general you’ll need to give at least 31 days’ notice. Please note that accessing your funds before maturity will often incur a prepayment cost, which is usually outlined in the terms and conditions.

Interest is normally paid annually into a bank account of your choice. There are often further benefits and additional bonus’ and preferential rates available for investors that extend or hold their investments past their maturity date.