释义 |
savings certificate in American Englishnouna certificate of deposit for a specific sum of money in a savings account, esp. a deposit for a fixed term at a specified interest rate Examples of 'savings certificate' in a sentencesavings certificate The two-year fixed-interest savings certificate now pays 2.9%, up 0.3 percentage points.Savings certificates would earn 190 tax-free over five years on an investment of 10,000.However, hopes of a new issue of the savings certificates were dashed yesterday.There is a reduction in the interest on maturing index-linked savings certificates.The withdrawal of indexlinked savings certificates is another part of the picture.Last summer, 15,000 savers who cashed in their index-linked savings certificates before maturity were underpaid interest.The penalties will also apply to any new issues of indexlinked or fixed savings certificates, which aren'tcurrently on offer. |