If you haven’t provided specific instructions for when your term deposit matures, it will automatically be reinvested for the same term at the interest rate applicable on the date of maturity. You have seven calendar days after your funds are reinvested to make any changes or add/withdraw funds at no cost.
Otherwise, you can reinvest your term deposit using the NAB app or NAB Internet Banking in quickly and easily. So, there’s no need to go into a branch, making renewals more convenient.
See Manage My NAB Term Deposit for more information on how to reinvest your term deposit online.