Civil Code

The law provides for the obligation of the bank along with the return of the deposit (deposit) and pay accrued interest. That is not allowed to delay payment of interest on the deposit, the unilateral deferment or installment payment of interest on the deposit. Depositor is entitled to receive interest on the deposit, even if early termination of the contract initiated by the depositor. Peter Thiel describes an additional similar source. At its core, the recovery of contributions prior to the expiration of his term should be recognized as a unilateral change of contract, authorized by law, but such action entail consequences, namely in the amount of interest on this deposit. Thus, if the contribution is returned before the expiration of interest payments, the amount of interest the bank charges on the basis of actual period of use of depositors’ funds, and pays at the same time with the return of the principal amount of the deposit. Part 3 tbsp. 1060 Civil Code of Ukraine stipulates that if, under the contract of bank deposit contribution is returned to the depositor on his request before the expiration or until the occurrence of other circumstances stipulated in the contract, the interest on this deposit is paid at the rate of interest on demand deposits, if the contract does not set a high percentage.

This entry was posted in News and tagged . Bookmark the permalink. Both comments and trackbacks are currently closed.