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Old 11-20-2014, 09:03 AM   #11
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by Wormius View Post
Does redeeming them require some illegal maneuvers? If not, maybe a non-specific answer in this thread would give a person with just a casual interest an answer to the question.
No, its just that each bank is going to be somewhat different. From what I've seen you can expect to have a penalty for the early redemption, and then lose the interest. The institution doesn't always cooperative with this either. You're breaking a contract here, so basically you have to negotiate with them to make that happen and its not without its drawbacks. There's no hard and fast rule that I've seen to make this happen though and maybe someone who works on the "other side" can speak to that kind of thing.
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