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"
}
Attributes
savings_idstring |
generated unique identifier of savings account |
account_idstring |
unique identifier of savings account owner |
namestring |
The chosen name for the savings |
product_codestring |
product code of savings account |
currencystring |
the currency code which follows ISO-4217 standard |
principalstring |
Savings principal |
returnsstring |
returns available in savings |
balancenumber |
Savings balance |
interest_enabledboolean |
Indicates if the savings is interest enabled with a true or false value |
interest_ratenumber |
Interest rate of savings account |
maturity_datestring |
maturity date of savings account |
created_onstring |
creation date of savings account |