Can I make more than one deposit for different terms? When will I be able to make another deposit?

Modified on Thu, 19 Oct 2023 at 09:08 AM

You can make as many deposits as you want once your Save account is approved and your first deposit has transferred and settled from your external bank account. To make more deposits, navigate to the "Market Savings" tab of your online portal or Save app. From there, you'll see a "Deposit" button in the top right corner. By clicking this, you can choose your deposit amount and what term length you'd like.


*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. If you decide to deposit again in Dec. 2022 for a 5-year term with $5,500, then your term will end in Dec. 2027.

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