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Nairaland Forum / Nairaland / General / Business / Can Someone Withdraw Money From Fixed Deposit Before Maturity? (20003 Views)
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Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by raphy(m): 3:42pm On Jan 17, 2022 |
I go like try this thing o.. year end I park neeed to build house o |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by MrImole: 3:42pm On Jan 17, 2022 |
I don't think so |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Lemmy123(m): 3:42pm On Jan 17, 2022 |
Eweeeeeey! Don't think so, my niece was denied withdrawal when she once attempted.. I'm available for your writing and design jobs, thanks |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Powerbroker: 3:43pm On Jan 17, 2022 |
Sure. But you will lose part of the interest so far yielded. |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by maxzzo1(m): 3:44pm On Jan 17, 2022 |
Yes but they will charge |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Rawtruth1: 3:47pm On Jan 17, 2022 |
How much is a yearly interest of fixed deposit of one million? |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by amba2017: 3:48pm On Jan 17, 2022 |
LagosEmir: |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by ppogba: 3:51pm On Jan 17, 2022 |
If you are bouyant enough to have a Fixed Term Deposit, you will : 1. Have an account officer. 2. Your account officer must have told you it is possible. 3. You will not come to Nairaland to ask. If you are asking for knowledge sake then, you are pardoned. 1 Like 1 Share |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by tonieguy(m): 3:51pm On Jan 17, 2022 |
Partial liquidation of a fixed deposit is allowed. You would just lose a part of the interest you otherwise would have earned. |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by ppogba: 3:52pm On Jan 17, 2022 |
Rawtruth1: Go to the bank and not Nairaland. 2 Likes |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Lamasta(m): 3:52pm On Jan 17, 2022 |
OP the bubu effect is real sapa don't hold my brother na to go break savings remain now |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by bmdmix11: 3:52pm On Jan 17, 2022 |
so if i deposit 100k how much will that b in a yr? |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Germi9: 3:52pm On Jan 17, 2022 |
Fixed deposit is a scam,invest your money on profit yielding businesses 1 Like |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by EZENDIZUOGU(m): 3:55pm On Jan 17, 2022 |
Yes, it is called partial termination . you can part terminate your investment but however, you wont earn interest on the amount part terminated. |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Davefed(m): 3:57pm On Jan 17, 2022 |
DubaiLandLord2:Who's upsetting you? |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by GEEBITE: 4:00pm On Jan 17, 2022 |
Stop misinformation. The penalty is on the accrued interest so far even if it is just a day so interest get paid definitely. I know some banks in Nigeria that charge up to 20% on accrued interest . ILoveDemMANNA: |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Nobody: 4:00pm On Jan 17, 2022 |
sonnie10: Ridiculous rate I tell you. Your 10 million will turn to 10,005,005 |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Sandralight(f): 4:02pm On Jan 17, 2022 |
Bank can give but piggyvest wont give out in their safelock. I am so broke 1 Like |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by RillJ(m): 4:04pm On Jan 17, 2022 |
Sure thing. 1. Liquidate the invested (fixed) sum 1a. the bank will charge you for premature liquidation but the charges is only against the interest you were supposed to earn for the period (not on your capital) 2. Withdraw (remove) whatever amount you want to. 3. Fix the balance in a new arrangement. Na u get your money biko. |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by magzey: 4:11pm On Jan 17, 2022 |
Yes but you will loss some interest value are charges. |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by LydayBobo(m): 4:13pm On Jan 17, 2022 |
LagosEmir:Yes....I think some banks charge like 5k max |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by lexo4real(m): 4:17pm On Jan 17, 2022 |
Yes, but the bank will penalise you. They will deduct pre- liquidation charge on investment accrued interest |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Nobody: 4:19pm On Jan 17, 2022 |
Sandralight:, You dn go do pass your self, i also locked my money on safe lock, funny enough just after a day, i started regretting because i needed instant cash , walaihi this life isn't easy oh. I would have placed it on piggy bank, but it had just 10%, but safelock had more interest, it is well sha, i know when my money matures, i will be so happy i saved such amount. 1 Like |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by yusluvad(m): 4:25pm On Jan 17, 2022 |
Not advisable... |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by seankafor(m): 4:26pm On Jan 17, 2022 |
DubaiLandLord2:e don reach you like this my boy |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by ignis: 4:26pm On Jan 17, 2022 |
LagosEmir: Yes it's possible but you will forfeit a percentage of the accrued interest. |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by donolatunji(m): 4:27pm On Jan 17, 2022 |
You can do that with ease |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by sonnie10: 4:33pm On Jan 17, 2022 |
Miroslavv: Its a good thing thou. People should be encourage to invest their money to create employment instead of staching it in the bank just for interest 1 Like |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by slimanyd: 4:38pm On Jan 17, 2022 |
LagosEmir: Yes. But u will loose ur interest |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by slimanyd: 4:45pm On Jan 17, 2022 |
sonnie10: Fixed deposit for 5m give me around 25k per month via my bank . So, with your 10m , Your are sire of 50k per month or perhaps more assuming u wanna fixed it for more than 2months. Got about 200k plus for fixing for 4months straight last year . So, There's Joy in fixing. 2 Likes 1 Share |
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