What happens if Allica issues a new, higher-rate fixed-term account after I have provided my maturity instructions?

If a new account becomes available with a higher rate than when you selected your maturity instructions, you can choose to deposit your money into this account instead any time up until 5pm on the business day before your fixed term account's maturity date.

 To do so, follow these steps:

  1. Log into your online banking using your username and password (you will have created these when you set up your account)

  2. Select the fixed term account that is about to mature

  3. Click on “Change my selection”

  4. Choose from the maturity options and tell us what you’d like us to do with your final balance when your fixed term comes to an end

Note, we are unable to make this switch for you automatically. You will need to instruct us yourself, following the steps above.