Term | Definition |
Roll-Over | The roll-over is renewal of the savings plan. The roll-over initiates all of the restrictions placed on the withdrawal as well as extending the savings period. |
Strict Mode | This is a withdrawal restriction on a savings plan that lasts for the duration of the savings period. When initiated you have to wait until the savings mandate matures to withdraw without charge. |
Flex Mode | The stasher can withdraw from the mandate anytime. However, if you do withdraw, you will be charged 1% of the amount withdrawn and lose all of the accrued interest. |