There are multiple factors that determine the early withdrawal fee for a Fixed Deposit, including:
- The rate quoted on the premature withdrawal date; and
- Remaining number of days which are not fulfilled ie. from premature withdrawal date to original maturity date
Alternatively, you can access digibank (Fixed Deposit Premature Withdrawal service) on the premature withdrawal date to check if there is any applicable premature withdrawal fee for your placement.
We encourage you to place a shorter tenor FD if you foresee using your funds in the short-term. This can help you avoid any early withdrawal fee or reduction/loss of interest earned. Learn More