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Does accrued interest count in goal being met?
I have a few savings goals that will be/have been met, if the accrued interest is considered part of my money.
I'm wondering if this is taken into account when the next automatic contribution is scheduled? The goal does not need another automatic contribution, it just needs to wait until the interest is paid.
I'm wondering if this is taken into account when the next automatic contribution is scheduled? The goal does not need another automatic contribution, it just needs to wait until the interest is paid.
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Inappropriate?@Tommy,
Thank you for your question. Your automatic monthly contribution will continue to pull until your goal has been met. Interest accrued to this point that has not been paid will not factor into your goal being met. Interest is paid quarterly or at the time of closing a goal. You also have the ability to add money (up to $50,000 per day) to your goal so that you may reach your goal faster. Once your goal has been reached your monthly contributions will automatically stop. You may let your funds sit and continue to earn interest until you decide to close your goal. If you have any further questions, please do not hesitate to contact a member of the SmartyPig Customer Support Team at 888-567-6278, or at support(at)smartypig(dot)com. Thanks, John
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