Link 1 (Worthy Financial):
Link 2 (Worthy Peer Capital):
They are still pending in my state so I can't do anything yet. The main site for Worthy Financial (link 1) has an "About" page that indicates that they are 12 month 5% bonds, but their bond-specific site (link 2) shows them as 36 month 5% bonds, along with the FAQ on their main page (1). Simple interest. The updated site's (2) FAQ says "It’s a 36-month term but can be cashed out at any time without penalty" but they also say in another FAQ (1) "The 5% interest earning bonds are 36 month bonds however they can be cashed in at any time. If withdrawn before the first 12 months, you’ll pay 1% of the amount withdrawn as an early withdrawal fee, but never more than the interest you earned thus far. (Meaning you can always withdraw exactly how much you invested, but you’ll give up some of the interest)." I will be confirming the terms and early withdrawal details with them tomorrow.
Besides lack of FDIC insurance, are these bonds a good deal? You don't have to utilize their roundup system, you can just buy bonds in $10 increments as you wish. These seem to beat the yield of Fidelity's table of 3 year bonds, though I honestly am not that well versed in this topic.