Can I break a deposit before its maturity date, and does the 6-month rule apply? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can I break a deposit before its maturity date, and does the 6-month rule apply?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Yes, a time deposit can be broken and the amount redeemed at any time, and deposit redemptions are not subject to the six-month waiting condition that is applied to savings certificates.

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