[
https://issues.apache.org/jira/browse/FINERACT-1917?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17730248#comment-17730248
]
Rob Tompkins commented on FINERACT-1917:
----------------------------------------
I wonder here. The words that we use to describe such an account should be
explicit as to what it is. Why not call it a "Payment Account with Interest?"
Are we putting limitations on withdrawals because I think that's the actual
definition of a Saving's Account right? If I understand correctly a Savings
Account has such limitations so that the customer is dis-incentivized to
withdraw lots of money so that the bank can generate a larger return than the
rate on the account...right? This accounting has no such limitations?
> Major improvement to Savings Account
> ------------------------------------
>
> Key: FINERACT-1917
> URL: https://issues.apache.org/jira/browse/FINERACT-1917
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Savings
> Reporter: James Dailey
> Assignee: James Dailey
> Priority: Major
> Labels: BeanSalad
> Fix For: 1.9.0, 1.8.4
>
>
> This ticket is to capture any additional design ideas around the improvements
> to misnamed "savings" account. While this started as "Savings" account,
> where an interest rate may be assumed, it also now includes the idea of a
> payment transaction account or checking account or wallet. Thus, the more
> genericized version of this "should be" Current Account, or Payment Account.
> Setting that naming issue aside, please upload any design documents you may
> have to enhanced "savings accounts" in fineract. I understand that other
> implementations have forked the code and built entirely new stuff, so it
> would be good to get your ideas here. If all you can do is share
> requirements, please do so in attachments to this ticket. Internal deadline
> for sharing is April 30th.
> Peter has created a set of tickets - please comment on those directly if you
> have specific concerns or ideas for them.
--
This message was sent by Atlassian Jira
(v8.20.10#820010)
