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Is there a feature that auto-purchases a bond once I’ve accumulated $10 in interest?
Is there a feature that auto-purchases a bond once I’ve accumulated $10 in interest?

What happened to the interest- reinvestment option?

Mary Sinisi avatar
Written by Mary Sinisi
Updated over 3 years ago

While we used to offer an interest-reinvestment feature, this is no longer necessary. Since entities WPC, WPC II & WCB sold out of their 50 million dollars worth of qualified bonds, our customers' interest could no longer trigger a bond once their interest hit $10 (since there were no bonds left to issue in each entity). Therefore a switch to compounding interest on all account balances was made (once you earn a penny).

You’re earning more with this feature since you no longer have to wait for your interest to hit $10 to take advantage of compound interest!

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