Can I withdraw my Market Trust funds at any time?

Modified on Mon, 09 Oct 2023 at 02:55 PM

You can make withdrawals from your selected investment portfolio at any time. An early withdrawal from the guaranteed interest rate product has additional surrender charges and/or IRS tax penalties.²

If you choose to make withdrawals from the guaranteed interest rate product allocation before the end of the 5-year term, the issuer will apply withdrawal or surrender charges to the amount withdrawn and may also apply a market value adjustment which may increase or decrease the amount withdrawn. If you are under age 59 ½, the withdrawal will also be subject to a 10% federal excise tax on the portion of the withdrawal representing interest.

Important note: Any amounts withdrawn from the guaranteed interest rate product will reduce the interest you will earn over the 5-year term and, therefore, your initial deposit may not be fully protected following any withdrawals.

For more information, please contact Save customer support.

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