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What is the benefit of making an FTD purchase by December 31, 2024?

Updated over 2 months ago

If you purchase an FTD by December 31, 2024, you will receive an extra three months of interest. This means your investment starts earning interest earlier, giving you a financial advantage.

Additionally, you will receive the one-time credit of $30.

Interest calculation example:

  • For a $1,000 deposit at a 4% annual interest rate:

    • In 2025, you earn $10 in interest. This is calculated as 4% of $1,000 for the additional 3 months (January, February, and March).

    • In 2026, you earn $40 in interest, which is 4% of $1,000 for the full 12 months.

    • Over the first 15 months, you accumulate a total of $50 in interest.


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