Business, Legal & Accounting Glossary
A savings account that guarantees the customer a fixed interest rate for 90 days. The main benefit of this type of savings account is the short maturity time and the possibility to earn more interest the more you save. At the end of the 90 day, customers have a choice of withdrawing the balance or transferring it into another similar account or another type of savings account.
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This glossary post was last updated: 19th November, 2021 | 0 Views.