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Nairaland Forum / Nairaland / General / Business / Can Someone Withdraw Money From Fixed Deposit Before Maturity? (19581 Views)
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Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Nobody: 4:45pm On Jan 17, 2022 |
Davefed: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:Wetin reach you? 1 Like |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Gate050: 4:46pm On Jan 17, 2022 |
LagosEmir:With Union Bank, NO! |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by madridsta007(m): 4:47pm On Jan 17, 2022 |
LagosEmir: 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: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:Which bank pls ? |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by KLand(m): 5:21pm On Jan 17, 2022 |
LagosEmir: 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: |
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: |
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: |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by Keji1012(m): 5:58pm On Jan 17, 2022 |
DubaiLandLord2: 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: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: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: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: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: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: 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: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 |
Re: Can Someone Withdraw Money From Fixed Deposit Before Maturity? by VEHINTOLAR: 7:26pm On Jan 17, 2022 |
LagosEmir: 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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