Cooling off period on deposit a/c?

[ditchhurler]

Is there a cooling off period on a fixed term deposit account? I did a search but can only find information relating to borrowing money.

 

[bugler]

From googling around I have found one or two references to a 14 day cooling off period relating to bank accounts (one was specifically fixed term, with Nationwide UK Ireland). I can't find anything concrete as to whether this is a statutory requirement, though I suspect it is.

The best bet may be to read your T & Cs for the specific bank/product. If it's outlined there then you have your answer.

 

[ditchhurler]

Thanks bulger. I didn't get any paperwork the day I set it up, was told it would come in the post so I'll wait for that.

 

[Lightning]

Is there a cooling off period on a fixed term deposit account? I did a search but can only find information relating to borrowing money.

Which bank? All depends on the banks T&C.

 

[ditchhurler]

It's Permanent TSB Interest First.