MOSCOW, December 4 If a deposit is closed early, banks can recalculate the accrued interest, Alexey Rodin, founder of the family finance agency InvestArt advisors, told the Prime agency.
He gives an example: if a client’s deposit is 500 thousand rubles for a year at 12% per annum, then 55 thousand rubles of income are accrued over 11 months. But if you withdraw money before the expiration date, it will be recalculated at 0.01% per annum. As a result, the client will earn only 46 rubles.
““Thus, the depositor does not lose anything except the amount of interest he hoped for, but also does not actually earn,” the expert explained.
However, some banks only take part of the profit — provided that the money was in the account for more than half the term. The depositor may be left with from half to two-thirds of the accrued interest on the deposit. To understand this, you need to read the terms of early repayment in the contract in advance, Rodin concluded.