The Savings Model

A savings plan created with this API will be locked for a specific number of days. e.g 30, 90 days etc. After the saving matures, the funds can be moved into the user’s bank account

{
  "savings_id":"1d92cb31c61c44a9b0b8b15930badbaa",
  "account_id":"0944f98b5be74264a27fbd04248f77c3",
  "product_code":"PRCDE1317533689",
  "currency":"USD",
  "principal":"0.0000",
  "returns":"0.0000",
  "balance":0.0,
  "interest_enabled":true,
  "interest_rate":0.0,
  "maturity_date":"2021-08-06",
  "created_on":"2021-05-08T21:52:37.047486+00:00"
}
Sample Savings Object

Attributes

savings_id
string
generated unique identifier of savings account
account_id
string
unique identifier of savings account owner
product_code
string
product code of savings account
currency
string
the currency code which follows ISO-4217 standard
principal
string
Savings principal
returns
string
returns available in savings
balance
number
Savings balance
interest_enabled
boolean
Indicates if savings is interest enabled with a true or false value
interest_rate
number
Interest rate of savings account
maturity_date
string
maturity date of savings account
created_on
string
creation date of savings account