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I'M fairly new to nexo so i'm just wondering if

when one of my fixed terms ends will i get an email to remind me that it has ended? I'm aware that i can auto renew. But if i choose not to auto renew, will i get a reminder?

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No, you will have to check it on the platform.

Zac-Wing Автор вопроса

ok another question. if i leave the auto renew switched on, will it encompass the interest earned from the previous term and fix that too. in otherwords, compound? or is it best to manually set a new term to ensure ALL funds including the interest and fixed for a new term?

Zac Wing
ok another question. if i leave the auto renew swi...

If you select the option to renew the loan automatically, the interest that you have earned for the previous period won't be counted for the new term. If you do it manually, you will receive the interest from the previous term in your savings wallet and you will be able to lock it (total amount + previous interest) in a new fixed term.

Zac-Wing Автор вопроса
Peter | Nexo | No support via DM
If you select the option to renew the loan automat...

a ha, that exactly the answer i was looking for. thank you. it's such a pleasure to be able to reach out to a support channel and receive easy to understand answers.

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