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 terminate your savings account before the end of the binding period, there will be a cost associated with this. We also refer to this cost as a deduction fee.

You can easily check yourself in the online bank how much you need to pay in early withdrawal fees if you choose to terminate your savings account before maturity.

To do this, click on “Terminate” next to your current savings. You will then be shown the amount you need to pay. If you accept, the amount will be transferred to your BASIS account, after which you can transfer the money to your NemKonto.

You can see the current deduction rates here.