Do I have to repay the boost monthly?

Maida

Yes. The boost is designed to accelerate your savings by advancing your first year’s worth of contributions.

You can boost your fund by $600 or $1,800. We'll invest that amount for you upfront. You'll be able to see the boost and track its growth in your fund dashboard.

Your monthly contributions will pay down the boost over time — but you’ll able to earn more thanks to the power of compounding returns. 

You’ll want to aim to pay off your boost within a year, so choose a monthly contribution that will get you there. And you can always add additional contributions to pay it off sooner.

You’ll have one year to pay back the boost. We recommend setting up a monthly contribution that will pay it back within 12 months. You can also choose a smaller monthly contribution and make up the difference with extra contributions.


Articles in this section

Still have questions?

Send us a note so we can help you out

Submit a request