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Certificate of Deposits

Integrated Products of the Insite Banking System: Certificate of Deposits

The certificate of deposit module provides you with a flexible method of accounting for all the various types of time deposits, retirement funds, and variable rate accounts.

  • Handles multiple CD types, including IRAís (Roth, Educational, Medical Savings, Roth Conversion).
  • Processes variable rate CDís.
  • Performs simple, periodic or daily compounding.
  • Pays monthly, quarterly, semiannually or at maturity interest payments.
  • Tracks CD terms in days or months.
  • Allows interest payments by check, compounding or deposit-to-another-account methods.
  • Offers CD calculator with penalty computation.
  • Ability to cash certificates (real-time) on-screen which automatically calculates penalty and accrued interest.
  • Provides compound, maturity or deposit-to-another-account notices.
  • Performs automatic rate change by types.
  • Produce electronic filing data to IRS for tax reporting.
  • Does full accrual accounting.
  • Performs automatic rate change by types.
  • Prints interest checks and notices.
[Integrated Products Menu]

 Central Information
 Certificate of Deposits
 Direct Exception Proc
 General Ledger
 Investment Securities
 IRA Processing
 Management Reporting
 Proof Item Entry
 Remote Proof
 Safe Deposit Box

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