The Savings Model

Embed savings are locked for a specific number of days. e.g 30, 90 days etc. After the saving matures, the funds can be moved into a user’s bank account

{
  "savings_id":"34706555a6944b7e95d0b31e94e638e5",
  "account_id":"a5732d28468746d1b4d20d73a6ed2ffb",
  "name":"Savings - 30 days",
  "product_code":"PRCDE8967795774",
  "currency":"NGN",
  "principal":"0.00000",
  "returns":"0.00000",
  "balance":"0.00000",
  "interest_enabled":true,
  "interest_rate":"0.095",
  "maturity_date":"2021-12-31",
  "created_on":"2021-12-01T08:07:06.357002+00:00"
}
Sample Savings Object

Attributes

savings_id
string
 generated unique identifier of savings account
account_id
string
 unique identifier of savings account owner
name
string
 The chosen name for the savings
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 the 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