: While the money remains in your account and continues to earn interest, it is "frozen" and cannot be withdrawn until the loan is repaid.
When you take out a savings loan, the financial institution places a "hold" on an amount in your savings account equal to the loan amount. savings loan
: As you pay back the principal, many lenders will gradually release the corresponding amount of your frozen funds. Why Use One? Savings Secured Loan - Money Federal Credit Union : While the money remains in your account