Types of Deposit Account Products

When integrating with Anchor's API to create deposit accounts, you can choose from two types of deposit account products: SAVINGS and CURRENT.

  • Savings Account: A savings account product is designed for individual customers who aim to save and accumulate funds over time. To create a savings account using Anchor's API, follow the designated procedures and ensure that you include the necessary parameters specific to savings accounts.
  • Current Account: A current account product is typically meant for business customers to run day-to-day transactions, offering flexibility and accessibility.