How is my "Savings Progress" calculated?
Inside your account dashboard, your “Savings Progress” is the approximate value of your credit builder account if it were closed out today.
The formula for “Savings Progress” is: CD principal (no interest) - remaining loan principal - loan interest accrued to date – outstanding fees (if applicable) - CD withdrawal fee (if terminated early)
You may not make withdrawals. Please refer the account documents and/or reach out to customer service for more information.