Is there penalty for closing my Time Deposit before maturity?

If you withdraw early within 5 days (known as the cooling off period) of Time Deposit opening, you can get a full refund of your Time Deposit (no Documentary Stamp Tax  and no interest)

If you withdraw early but after the cooling off period, you will earn your Tonik Account interest instead of the higher Time Deposit interest - and you will be charged for Documentary Stamp Tax.