What are fixed deposit penalties?
Hi all,
We have a fixed deposit of about R20 000 with Absa. We put it in back in 2023 for 6 month and we've just "reinvested" every time it matures. It'll mature at the end of May but we need it urgently, I was wondering if anyone has ever had to withdraw a fixed deposit before maturity? Is that even possible and what are the penalties on average?
Posted Mar 4, 2026, 7:21 AM UTC
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