Auto Renew time deposit: what it means and when to use it.
Auto Renew is a feature that can automatically renew your time deposit at maturity for the next term, helping you stay invested without manual re-placement.
At renewal, the applicable rate and terms are based on what is available at that time, so review your settings if you are rate-sensitive.
Auto Renew can be useful when you want continuity and do not want to track every maturity date.
If you need funds on a specific date, consider disabling Auto Renew and planning a maturity aligned with your cash needs.
Quick checklist: confirm the deposit amount, tenor, displayed rate, maturity date, and settlement account before you finalize the placement.
If you are planning multiple goals, consider a ladder across different maturities so you get periodic access to funds without early termination.
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There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form.
