The Client is entitled to terminate the deposit before maturity by informing the Bank in writing. In such case, the
Bank:
- shall not pay interest on the deposit terminated within the first 12 months from its initial date, irrespective of the term
of the deposit. The Bank shall withhold the full amount of interest already paid from the amount of the deposit;
- pay 50% of the accrued interest on a deposit that is terminated after the 12th month. The Bank shall withhold 50%
of the interest already paid from the deposit amount.
The Bank shall not reimburse any tax when withholding previously paid interest on the deposit.
The Bank shall pay the deposit amount and interest (if any):
- on the seventh day after receipt of the Client's application for early termination of the deposit;
- at the Client's choice - no later than on the next business day following receipt of the Client's application for early
termination of the deposit, subject to a fee of 0.25% of the deposit amount, but not less than EUR 100.
