LeoGlossary: Savings Account (Hive)
The Hive savings account is located in one's wallet. This is an option that allows one to move $HIVE and the Hive Backed Dollar (HBD) from liquid form. Removing either coin is subject to the 3-day withdrawal period.
There is no interest paid on $HIVE placed into savings.
The savings account is a base layer security measure. If an account is hacked, the withdrawal period does prevent the nefarious individual from removing the money. This idea is to allow the account holder time to reset the private keys to prevent further damage.
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