FAQ
New Investments
How do I fund an investment?
Most investors send a personal check with their application. Funding can also be done via transfer from your bank.
What is backup withholding?
When a person, such as an employer, makes payments to another person, they must withhold and pay a specified percentage of this payment to the IRS. This is called backup withholding.
What is the difference between primary and contingent beneficiaries?
When an account owner becomes deceased, the primary beneficiaries become the owners of the account. If the primary beneficiaries are deceased, ownership goes to contingent beneficiaries.
Can my investment be in the name of my Revocable Living Trust?
Yes. Copies of the Trust title and signature pages must be provided in addition to the Investment Form. IRAs cannot be in the name of a Revocable Living Trust. However, the Trust can be the beneficiary.
Can the interest be paid out periodically?
For 30-Day Demand Notes and Series C and D Notes, interest can be paid monthly, quarterly, semi-annually or annually. A minimum balance of $10,000 is required for monthly payment. For IRAs, any amount can be paid monthly, quarterly, semi-annually or annually.