Monthly Savings Plan
A great way to save! Designed as a bond alternative, this convenient plan can be purchased through a payroll savings plan or automatic transfers.
Benefits:
- Save money with NO FEES
- Available anytime during the year
- Withdrawal flexibility - funds available at anytime
- ONE withdrawal permitted without collapsing plan
Features:
- Rate of return guaranteed to be 1/4 of 1 percent higher than comparable plans
- Compounded monthly interest
- Matures October 31 of following year
- Convenient payroll deduction or automatic transfer
SAMPLE MSP PAYMENT SCHEDULE
|
Payment Frequency |
Savings Goal* |
||
|
$100 |
$500 |
$1,000 |
|
|
12 monthly |
$8.34 |
$41.67 |
$83.34 |
|
24 bi-monthly |
$4.17 |
$20.84 |
$41.67 |
|
26 bi-weekly |
$3.85 |
$19.24 |
$38.47 |
|
52 weekly |
$1.93 |
$9.62 |
$19.24 |
All funds deposited, and interest earned, is paid at maturity.
*numbers are rounded
