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Can Someone Withdraw Money From Fixed Deposit Before Maturity? - Business (3) - Nairaland

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Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Nobody: 4:45pm On Jan 17, 2022
Davefed:

Who's upsetting you?
I'm not upset
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by donprinyo(m): 4:45pm On Jan 17, 2022
own goal
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Nobody: 4:46pm On Jan 17, 2022
seankafor:
e don reach you like this my boy grin
Wetin reach you? sad

1 Like

Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Gate050: 4:46pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?

With Union Bank, NO!
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by madridsta007(m): 4:47pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?


Yes.
You are likely to lose all the interest though.
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by izubext007: 4:51pm On Jan 17, 2022
Yes but you might lose the accumulated interest, duebtobthe bridge of agreement.
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Yankee101: 5:00pm On Jan 17, 2022
Yes. It requires terminating it early
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Kmf0: 5:03pm On Jan 17, 2022
Yes but you will lose earnings
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by adem30: 5:08pm On Jan 17, 2022
Yes. the FD will be terminated so you can withdraw any amount you want and it will be refixed, mind you, you will be charged for premature termination
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Ingredient88(m): 5:11pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?

the answer is no, but if you really want to, 20% of the money will go to the bank.
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by ablejesus26(m): 5:12pm On Jan 17, 2022
Yes but it will affect your interest.
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Arrogantbro(m): 5:20pm On Jan 17, 2022
slimanyd:


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.
Which bank pls ?
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by KLand(m): 5:21pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?


You can, but it will attract a surcharge on the interest earned to date.

The investment will be liquidated to accommodate your withdrawal, then rebooked again.
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by dontbothermuch: 5:23pm On Jan 17, 2022
Yes, I did that last year November
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by dontbothermuch: 5:27pm On Jan 17, 2022
Yes, I did that last year November. With no internet
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Alexxyz: 5:42pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?

Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Alexxyz: 5:46pm On Jan 17, 2022
you will only loose part of the accumulated interest due to the sudden termination
izubext007:
Yes but you might lose the accumulated interest, duebtobthe bridge of agreement.
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Alexxyz: 5:47pm On Jan 17, 2022
which bank and at interest rate?
Arrogantbro:
Which bank pls ?
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Keji1012(m): 5:58pm On Jan 17, 2022
DubaiLandLord2:
Who is fraustrating your life?

It seems you think I give a dam about anybody on this Nairaland?

Please swerve

I do not have the time for meaningless talk.


Do u think u are normal ?
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Nobody: 6:00pm On Jan 17, 2022
Keji1012:


Do u think u are normal ?
Where do you guys crawl out from sef?

Una go just dey disturb person with unnecessary mention

If your papa is not normal, then nah his problem.

Swerve boy
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by NamelessOGBENI(m): 6:08pm On Jan 17, 2022
Nonexisting:
Check the terms and conditions first because you may have to kiss some of your interest goodbye.
OP, you have your answer here.

It's tailor made and contain all the risks you might be avoiding..
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by chiokeman(m): 6:18pm On Jan 17, 2022
It varies. Different bank with her own interest. Your strength of bargain wins the case
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by efonat(m): 6:25pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?

Yes, but the interest will be discouraging for you to withdraw before maturity.
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Lanrejacobcfe: 6:42pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?

Yes you can… it is called partial liquidation and they rebook the balance. An instruction can suffice for both…. Tell them the amount you wish to part liquidate and also state amount to re book with tenor.

I hope that clarifies.
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by DFERENCE: 6:52pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?

yes but free kick after VAR review no penalty
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Keji1012(m): 7:08pm On Jan 17, 2022
DubaiLandLord2:
Where do you guys crawl out from sef?

Una go just dey disturb person with unnecessary mention

If your papa is not normal, then nah his problem.

Swerve boy

Your mother failed in her parenting , just a condom would have prevented an unwanted pregnancy
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Nobody: 7:18pm On Jan 17, 2022
Keji1012:


Your mother failed in her parenting
Mtchewww

You can be rolling in the mud like a pig you are...

I won't be reading your next senseless and chidish post not to talk of replying the gibberish.

I know understand wetin I write wey dey warrant all this unnecessary talk at all undecided
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by VEHINTOLAR: 7:26pm On Jan 17, 2022
LagosEmir:
Is it possible to withdraw money from fixed deposits from Nigerian bank before it's maturity?


Yes,you can. You only need to submit your partial liquidation request stating the amount you want to withdraw from the fixed deposit account. You will be charged certain percentage by the bank for premature liquidation. This however will not affect the principal amount you fixed. The charges will be on the interests earned till the day you put in your request for partial liquidation

I hope this helps.

1 Like

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