Yes, you can withdraw your settled money from your Bond Account at any time. Depending on the amount you wish to withdraw, this may require a sale of some (or all) of the bonds in your bond account. Bonds are sold during market hours and each $100 par value of corporate bond sales incurs a $0.50 fee.

Withdrawals also require funds to be available to withdraw and settle. Trades settle in one business day. Deposits made directly from your bank to the Bond Account are subject to the same deposit hold as the brokerage account. Deposits settle in three business days unless the total bank deposits exceed $55,000 in one business day which they settle in 6 business days.

Please note: the bonds in your Bond Account are designed to be held for at least 3-5 years to protect you against short-term factors that may decrease your account value. This may include:

Initial bond costs for new accounts:

New accounts purchase bonds with mark-ups, leading to a short-term loss until interest accrues to offset the initial transaction costs.

Price fluctuations:

A bond’s yield is fixed at the time of purchase, however, its price can fluctuate before maturity. Factors such as increasing yields or negative news can cause this.

Liquidity Risk

Bond purchases and sales are subject to availability in the market. Public does not guarantee that there will be liquidity in a particular bond at a particular moment in time, which could limit your ability to sell a bond in your bond account.

For further questions regarding your Bond Account please contact Member Support via in-app chat or email at support@public.com.