How is my "savings progress" calculated?
When logged into your account inside of your account dashboard, you’ll see a “savings progress” section. The “savings progress” is the approximate value of your Credit Builder Account if it were closed out today.
Your “savings progress” is calculated like this:
The principal of the Certificate of Deposit (CD), without interest, minus the following:
The remaining loan principal
The loan interest accrued to date
Any outstanding fees, if applicable
The CD withdrawal fee, if the account is terminated early
Due to the nature of your Self Lender CD, you may not make withdrawals until after the loan has matured and/or all payments have been completed. Please refer to your account documents for more information.