The financier warned about the risks of late withdrawal of money from the deposit
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Financier Glushkova: the money will be deposited if it is not withdrawn on time from the deposit
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If you do not withdraw the money immediately after closing the bank deposit, the bank can transfer funds to the demand account or automatically extend the contract, which may lead to loss of income. This was announced on January 19 by Irina Glushkova, Chairman of the Committee on Financial Literacy of the MGO OPORA RUSSIA, financial adviser.
"Due to the early termination of the deposit agreement, the bank will recalculate the interest rate on demand. This is usually less than 1% per annum. Thus, your money will be returned to you with a minimum interest income," she explained to the Prime agency.
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