Are there deposits that pay the return upfront? | Ask Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

Are there deposits that pay the return upfront?

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

Yes, some banks offer deposits whose return is paid in full on the same day the deposit is placed (in advance), but if you want to break the deposit, the return that was already paid is deducted from the deposit principal.

Discussion

Join the discussion

Sign in to add your comment or reply to other readers.