A grace period is the time period in days during which deposits or withdrawals can be made and still earn the same interest as other savings from a given day of the interest period.

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A grace period is a period of time during which a financial institution allows a customer to make a deposit or withdrawal without incurring fees or penalties. During this time, the customer can still earn the same interest as they would have earned had they made the transaction earlier in the interest period.

A Grace Period Is the Time Period in Days During