![Quote](images/misc/quote_icon.png)
Originally Posted by
Bjauck
My bank has 1% interest rate Penalty deduction calculated on the interest already earned. When I asked the bank made it clear that this penalty could change. Plus there is a long wait - as stoploss said - to get the funds - 30 odd days.
Some bonds are not particularly liquid so there could be a wait until they can be sold. However most of my bonds/notes are reasonably liquid.
All things considered I think there is less hassle, less waiting and less expense to sell bonds compared with breaking a term deposit. I think it was after the financial crunch, they tightened the rules on breaking bank term deposits.
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