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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