Redeeming PO Saving Certs one month before maturity

[Logo]

Does an investor lose most of the interest if PO saving certificates are redeemed one month before maturity (on the fifth year), as the T&Cs seem to indicate?

I have a substantial amount invested in issue 19 certificates and am concerned that I will lose most of the interest if I redeem in Oct instead of Nov (maturity date).

TIA.

 

[mtk]

yes

 

[Logo]

Just to clarify, if I redeem €100K one month before maturity I will lose €2,000?

 

[mtk]

100k goes to 105k on maturity
100k goes to 101.9k after 4 years
After 4 years 11 months 100k gets 101.9k plus proportion (11/12) of post office on demand rate as far as I remember ( post office on demand rate -not sure what it is but close to zero i suspect)....
Its all in the T&Cs