What would be maturing savings?
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ado
Apprentice
Joined: 13 Aug 2006
Posts: 1
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 Posted: 02/02/08 - 05:39 Post subject: |
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| Hello! I was living with my girlfriend couple of years and now we decided to get married. We also think that we should start saving some money for our future. We have heard about some savings program called maturing savings. Someone told us that this maturing savings is made for couples and that it is good saving account. We don't know anything about it so we would be very thankful if you could tell us what would be maturing savings? |
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stephi
Apprentice
Joined: 22 Dec 2007
Posts: 3
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| Posted: 03/02/08 - 22:55 Post subject: |
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| First of all, let me congratulate you on the marriage. It is very good thing that you are thinking about your future on time. People usually don't care enough about their future and then they are thinking that they should start saving when it's already too late. Maturing savings is financial programs made for couples for saving for their future. Maturity refers to the final payment date of a loan. It also can be for some other financial instrument. Maturity is the point where all remaining interest and principal is due to be paid. The maturity period can be 1, 3 or 6 months. Maturity band can be calculated by using 30 day per month periods. For maturity bands for over a year it is acceptable to use 365 day per year. For example, with a treasury bond its maturity is the date on which the principal is paid. |
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