Do I have to pay a fee if I close my savings account before the end of the binding period?

Yes, you do. If you close your savings account before the end of the fixed term, you will incur a fee. This is called an early withdrawal fee.

You can easily check the early withdrawal fee in online banking before closing your savings account.

To do this, click Close next to your current savings account. You will then see the fee payable. If you accept it, the remaining balance will automatically be transferred to your BASIS account, and you can then transfer the funds to your NemKonto.

The same applies if you want to move funds from an existing savings account to a new one before the fixed term ends. This counts as an early withdrawal and incurs a fee.

Example: You have a 12-month savings account and want to close it 4 months early to move the funds to a 24-month savings account. You will then pay an early withdrawal fee for the remaining 4 months. You can see the exact amount in online banking before accepting.

You can always find the current early withdrawal fee rates here.