Correct Answer: Fixed maturity period

Solution : The correct answer is (c). Fixed maturity period

A feature of a savings certificate is a fixed maturity period. Savings certificates are financial instruments offered by banks or other financial institutions that provide a fixed rate of return over a specific period of time. During this fixed maturity period, the funds deposited in the savings certificate cannot be withdrawn without penalties or limitations. The maturity period can range from a few months to several years, depending on the terms and conditions set by the issuer.