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Make sure the term deposit you choose is offered by an authorised deposit-taking institution (ADI). Where there is a maximum deposit amount, check if that applies per customer or per account. Just bear in mind that term deposits paying interest more frequently often have a reduced interest rate. For some savers, how often you receive interest payments is particularly important. The interest rate on a term deposit dictates what return you’ll get from your money.
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- If we’re unable to accept the issuer or biller you’ve provided, we’ll let you know that we cannot proceed with your balance transfer request.
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