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Yeah, that's normally called a Certificate of Deposit "CD" and locks in the money for a period of time 6 months, 1 year, 4 years at a certain interest rate. In
by dantheman 8y ago
Yeah, that's normally called a Certificate of Deposit "CD" and locks in the money for a period of time 6 months, 1 year, 4 years at a certain interest rate.
In the US banks offer this through websites.
- kgwgk 8y agoSaving accounts work like that in many countries (higher interest rates, limited withdrawals).
- lazyasciiart 8y agoThe US has savings accounts with rules like that too.