Can I withdraw Fixed term deposit early?

eeja

simon_templar wrote: »

Like a broken record aint he lol

READ THE ACT !! If you want to ignore the law of the land that's up to you .

PS Since you believe in paying unlawful penalties, you are herewith fined fifty pounds.
Kindly foward the money to the Oxfam charity immediately.!!

simon_templar_2

Stop talking out the back of your head. You have repeatedly been spinning the wrong line for ages and despite people correcting you, you continue on a lone crusade of wrongness.

Paul_Herring

eeja wrote: »

READ THE ACT !!

May I suggest you do the same. And read the T&C's before you sign. There is nothing unfair about the early withdrawal clauses.

If you want to ignore the law of the land that's up to you .

If you want to misinterpret the act, and make things up, that's up to you. Just stop doing it on here.

eeja

As a matter of public policy, terms of contracts cannot be used for parties to profit from the breach of a contract by a person.

Investors are free to pay banks and financial institutions any penalties or excessive charges they so wish, however unfair and unreasonable these might be.
The aim here is to advise investors of the existance of certain rights they might have . If they do not wish to avail themselves of those rights, so be it..

The first para above taken from ' Terms of Contract and Penalty clauses in English Law ' on the website of a major firm of English solicitors .

Thank you.

Lansdowne

eeja wrote: »

certain rights they might have .

Eeja's use of the word might is a small step on the road to sanity.
It would be a fancy stretch of the mind to imagine the paragraph applies to a situation like the terms of a savings account. There is for a start, no issue of breach of a contract by a person - it's just being adhered to.

simon_templar_2

Eeja should have chosen the username eejit instead.

Paul_Herring

eeja wrote: »

Investors are free to pay banks and financial institutions any penalties or excessive charges they so wish, however unfair and unreasonable these might be.

Right. And the stuff you signed up to (reduction/removal of interest, not capital) is unreasonable?

Try again :rolleyes:

rb10

eeja wrote: »

Investors are free to pay banks and financial institutions any penalties or excessive charges they so wish, however unfair and unreasonable these might be.

Correct. And investors are free to open accounts that do not have any "penalties or excessive charges" if they feel that these are unreasonable. There is plenty of choice in the matter, no one is forcing anyone to open a particular account.

This is in the same way that if I feel that Waitrose's pricing is excessive and unreasonable, I am free to shop at Sainsburys.