Contracts bank deposit may provide a notice period to reduce the amount of interest and how such notifications. 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. The investor has the right to receive interest on the deposit, even if early termination of the contract by the investor. If you would like to know more then you should visit Jorge Perez. At its core, the recovery of the contribution to the expiration of his term should be recognized as a unilateral change of contract terms is permitted by law, but such action entails consequences for, namely, in the amount of interest on this contribution. Thus, if the contribution is returned to the expiration of interest payments, the bank pays the interest on the basis of the actual period of use of funds investor, and pays at the same time with the return of the principal amount of the deposit. Part 3 of Art. 1060 Civil Code of Ukraine stipulates that if, under a contract of bank deposit contribution is returned to the depositor on his request before the expiry or until 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. However, the synthesis showed that not all courts have characterized the legal nature of the interest on a bank deposit that pays the bank under the contract for the use of foreign funds in the amount of contributions (Article 1061 Civil Code of Ukraine) from interest earned on overdue amounts and charged as a financial sanction for the violation of a monetary obligation (Art.