Status: You are viewing the version of the handbook as on 2018-01-03.

fixed-term savings account

    91a savings account where it is agreed that money is to be held in the account for a specified period and the customer is not permitted to withdraw the money before the expiry of that period, is restricted in making withdrawals in that period, or the customer’s entitlement to interest is reduced or extinguished if the customer makes such a withdrawal.