An investment for your funeral
With a TSB Funeral Term Investment designed specifically for your funeral, you can take comfort in knowing the money you invest now will be ready to be used for funeral costs when the time comes.
At a glance
- The minimum amount you can invest in a Funeral Term Investment is $1,000, and there is no maximum amount.
- You will accrue interest on your investment based on the term and interest rate you select when you open your account.
- Interest is credited every six months or on maturity (whichever is earlier), and will be deposited into another TSB account of your choice for you to access.
- Your investment can only be paid out to a Funeral Director, or the executor, administrator or other authorised person acting on your estate, when we receive a Death Certificate and/or funeral invoice.
- Any surplus funds are held alongside any other estate assets.
Being prepared
The cost of a funeral can vary greatly and depends on what sort of ceremony is planned. Even the most basic funeral has a number of costs to consider, including:
- Funeral Director
- Casket
- Burial or cremation fees
- Celebrant
- Flowers
- Catering
- Newspaper notices
Getting started
If you’d like to open a term investment for your funeral, simply stop by your local branch, or give us a call and we can make the arrangements over the phone.
Don't forget to read this bit
- No interest will be payable on funds invested for less than 30 days. Funds invested are locked in and cannot be withdrawn.
- Please read our Funeral Term Investment Additional Terms and Conditions, which can be found here.
- TSB’s account opening criteria apply. Service fees may apply. Interest rates and fees are subject to change. More detail can be found here.
- When you bank with TSB you agree to our General Terms.