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 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. 

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