The Time Deposit application includes Certificates of Deposit, Individual Retirement Accounts, Keogh Plans, and SEP's.

Products types are defined by you to keep you competitive in the marketplace. Over 1,300 separate types of time accounts may be defined.

• Automatic Funds Transfer- regular deposits from demand deposit accounts to time accounts can be set to process automatically.
• Automatic Renewal- any account may be automatically renewable. Depending upon how its type parameters are defined, it may renew at its current rate or at a new rate.
• Check Forecasting- interest checks may be created prior to the interest payment date in order to be available to your customers on the payment date.
• Check Mailing Address -an interest check may be mailed to an address different than the address used for regular correspondence and notices.
• Combined Statements - information concerning time deposit accounts may be included on a customer’s combined DDA or Savings statement.
• Early Redemption Penalty Calculations - penalty calculations may be performed for partial withdrawals with full, partial, or no pay of interest, and for any date (past or future).
• File Maintenance History - all non-monetary file changes are recorded in a history file that is available for on-line viewing. Specific data includes the date and time of the change, the ID of person making the change, and the value field before and after the change.
• Fixed-Rate Accounts - fixed-rate accounts may have different terms and interest payment frequencies.
• Flexible Interest Disposition - accounts may be paid by check, capitalized, or automatically deposited into another account.
• Rate Change History - all rate changes are recorded in the on-line history of the account.

• Retirement Distributions - retirement distributions may be principal and interest, principal only, interest only, or principal and interest on different schedules. Distributions may be by check or deposited into another account.

• Step-Rate Accounts - you may define account types that have a defined date on which the rate is to change to a redefined rate or index.

• Tiered Renewal - any account type may be defined to renew at rates that differ according to the balance at renewal.

• Track Source of Funds - the source of funds for any deposit transaction can be tracked and reported.

• User Defined Defaults for New Accounts-all new account entry defaults may be changed at the parameter level.

• Variable-Rate Accounts - variable-rate accounts may have rate changes whenever the prime rate changes or at periodic rate review dates which may range from 1 day to 998 months.

Exception Item Processing

The Exception Item Processing (EIP) application supports processing of unposted items for Time Deposits and IRAs. EIP is a convenient place to work all exception items on a daily basis. The data entry and daily processing is governed by parameter files. EIP eliminates the need to write up transactions and offsetting entries, thus reducing the amount of time spent handling these items.