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Is there a penalty for closing my Time Deposit before the maturity date?

If you choose to close your Time Deposit before the maturity date, you will be charged a pre-termination fee. The fee is computed based on your principal amount and loan term. 

 

You will be able to see the final amount in the app if you decide to start the pre-termination process.


Have more questions? Please reach out to us at help@uniondigitalbank.io and we’ll be glad to assist you right away.