rainbow pen
New Member
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- 8
I have a 1 year fixed deposit bank account that rolls over automatically.
My deposit rolled over into a new fixed year term without me cancelling. I had thought if withdrew my money anytime I could forfeit the interest for that period of time.
However my bank won't give me access to my money for another 11 months. I realise they are completely in their rights legally etc. but very frustrating with the interest rate is almost negligible.
Is this normal procedure or are banks flexible on this?
My deposit rolled over into a new fixed year term without me cancelling. I had thought if withdrew my money anytime I could forfeit the interest for that period of time.
However my bank won't give me access to my money for another 11 months. I realise they are completely in their rights legally etc. but very frustrating with the interest rate is almost negligible.
Is this normal procedure or are banks flexible on this?