term deposits 


term deposit rates


Despite the best laid plans, unforeseen events may require you to break your term deposit prior to maturity.

The penalties vary between financial institutions, however as a minimum any interest that has not yet already been paid to you (via a regular installments calculated on your term deposit rate) will be withheld.  Interest rate installments typically do not apply to terms less than 12 months.

Additionally, some institutions will deduct a penalty fee from the original principal. This fee could be a set dollar value or a percentage of your investment.

A request for a partial withdrawal is not usually an option banks will entertain.