Yes, transfer of the deposit can be made before the end of the term if 30 days’ notice is provided. However, a partial transfer is not allowed.
NO interest will be paid if the account is closed before the first year of anniversary. For example, if the deposit is withdrawn or transferred after 9 months, only Principal will be paid i.e. with no interest.
If the account is closed on or after the first year of anniversary, but before the end of the agreed term, interest will be paid at 1% less than the applicable rate of interest for the entire period the deposit is held with the bank. For example, if the interest rate was 2.1% AER for 3 years and if the deposit is withdrawn or transferred after 2 years, an effective interest rate of 1.1% will be paid for the entire 2 years the deposit is held with the bank