Dividends are compounded and credited to your account monthly. You may choose to have your dividends posted to this account or another account every month. Please note, if you close your account before dividends are paid, you will not receive the accrued dividends. Please note: if you close your account before dividends are paid, you willnot receive the accrued dividends.
If you are saving for the long term, put it your money into a Savings Certificate (CD). Although it locks your money in for a specific period of time you'll earn more interest than keeping your money in a regular savings account.