If I want to add funds on a reoccurring basis, does the term length start over?

Modified on Wed, 18 Oct 2023 at 02:32 PM

No, your original deposit remains on the same term timeline, and each time you add money a separate savings program is created. Note that different term lengths have different minimum requirements, which are $1,000 for the 1-year term and $5,000 for the 5-year term. Additionally, because each program's investments have different start dates, they each will have different end dates. 


For example: If you deposit $1,200 for a 1-year term in Oct. 2022, your term will end in Oct. 2023. 

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