Similar to a traditional savings account, Funds Held accounts through GreenStone are designed as a convenient and profitable option for you to save money for a specific purpose in the future.
These accounts are available for the benefit and convenience of you, the borrower, to help manage future financial obligations related to your loan, such as principal and interest payments, or for the payment of insurance premiums, taxes, or other related items. Additionally, money can be used for new purchases rather than increasing your existing loan amount.
Funds Held accounts earn interest at an estimated rate of 3 percent below the related loan interest rate. The balance in your Funds Held account can not exceed the principal of the existing loan.
Find Out More
Call your GreenStone financial services officer today to find out how you can start taking advantage of this savings option.
*Additional funds beyond loan amount are for eligible purposes only and withdrawals are limited.