Following consultation with the specific bank, you may be able to break your Term Deposit (TD) and have your funds returned to your Transaction Account. Please note that there may be fees charged by the bank and our custodian to process any approved break request.
The following steps apply to all requests to break TDs:
- Contact us on 0800 499 466 or via contact@investnow.co.nz, with details of the TD you wish to break.
- We will obtain a quote from the bank your TD is with, to determine any break fee and adjusted interest amount.
- In addition, there will be a processing fee of $25 charged by our custodian.
- We will contact you to advise if your term deposit can be broken, the total costs and timeframes – seeking your decision re proceeding with the break request.
Please note that most banks require up to 31 days’ notice to break a term deposit.