90-Day Savings Account

Business, Legal & Accounting Glossary

Definition: 90-Day Savings Account

90-Day Savings Account

Full Definition of 90-Day Savings Account

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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Modern Language Association (MLA):
90-Day Savings Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/90-day-savings-account/.
Chicago Manual of Style (CMS):
90-Day Savings Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/90-day-savings-account/ (accessed: December 04, 2021).
American Psychological Association (APA):
90-Day Savings Account. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/90-day-savings-account/

Definition Sources

Definitions for 90-Day Savings Account are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.