What are monthly payouts?
Monthly payouts are the accumulated returns you generate from the funds you have invested into a 24-Month Vault. When you create a 24-Month Vault, you can have your accumulated returns transferred directly to your Main SmartSaver Account balance on the 1st of each month.
This option allows you to keep your capital invested in the Vault while receiving monthly passive income that you can use to reinvest into a new or existing Vault, keep in your main account, or withdraw.
How do the monthly payouts work?
When creating your 24-Month Vault you have the option to choose whether you would like to receive monthly payouts or to keep your returns accumulating within your Vault. The full amount will be paid once the term has fully matured, taking into consideration the auto-renewal option you selected.
When will I receive my monthly payouts?
On the 1st of every month, your monthly payout will be automatically transferred to your main SmartSaver account balance. You can easily view the amount transferred from your Vault to your main account by checking your account statement.
Can I cancel monthly payouts after I have created a Vault?
Yes, after your Vault has been created you can turn off monthly payouts.
This can be done by going to the Vault you created and disabling the payout option.
Your returns will accumulate within the Vault and be paid out once the term has matured.