Question: I have another question. If someone decides to save money when the rate of interest of the bank chosen is, say... 8% and after a couple of hours the rate of interest whether increases or decreases, does that mean that the money saved will suffer this change of rate or it will stay in 8% ?
Answer:It would be at the rate that they deposit at so it is fixed at 8%. It's the rate at the end of the interval so it could be higher than 8%. Only till the end of the interval will the interest be added.