NAB Term Deposits are for savers who are confident they won't need to access their funds during the term of the deposit. You will need to provide 31 days notice to withdraw money from your term deposit before the end of its term. This can affect the interest that we pay you.
The exact cost depends on the amount that you want to withdraw and on changes to our cost of funds since you set up your term deposit. To find out what charges would apply to you:
call us on 13 22 65 from 8am-7pm Mon-Fri, or 9am-6pm on weekends (AEST/AEDT)
visit us in any store
You can withdraw all or part of your funds, after you have provided 31 days' notice. If you make a partial withdrawal, your balance must not go below $5,000.
The end of your term
When your term deposit reaches maturity you can:
have the funds directly credited to any Australian account you choose
reinvest the funds in a new term deposit (either with the interest included, or after you've had the interest paid to you)
receive your funds as cash or a bank cheque from any store.
You can also combine these options – for example reinvest half of your funds and receive the rest as a bank cheque.