Once your Vault reaches maturity, the funds within the Vault are automatically transferred to your Main SmartSaver Account. This is a seamless process that requires no action on your part.
Once the funds are transferred to your Main SmartSaver Account, you have several options:
You can choose to withdraw the funds, for use in your regular banking activities.
Leave the funds in your Main SmartSaver Account, where they will continue to earn interest at our competitive rate.
Or you have the option to reinvest your funds into another fixed-term Vault for either 6 or 12 months. This allows you to continue growing your savings with the added benefit of our fixed-term interest rates.