Certificate Rate Inquiry 

Screen ID: 

Screen Title: 

Panel Number:

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IRATE3-01

Certificate Dividend Rate

417

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This screen appears when you choose “Certificate Rate Inquiry” from the initial Rate Inquiry screen.

Check out the video related to this topic: Rate Inquiry (More videos below!)

Helpful Resources

Learn how to quote a CD rate and complete other tasks related to member inquiries.

Screen Overview

This screen displays the latest dividend rates for all certificate products. From this screen, you can calculate APY or see rate change history for any certificate type, as well as quote dividends using actual deposit amounts and dates.

·     To calculate Annual Percentage Yield for any product, select the product and choose APY calculator (F2).

Field Descriptions

Field Name

Description

Type

The type code for the specific CD.

Description

A description of the CD.

Rate

The base rate paid for this product.

·     NOTE: If an asterisk (*) appears next to the Rate for this product, there are multiple rate tiers for this CD Type. Use the View Tiered Rates (F23) feature to view additional tiers.

Term

The term for the CD (D=Day, M=Month).

Minimum Amount

The minimum deposit necessary to open the CD.

·     NOTE: If an asterisk (*) appears next to the Rate for this product, there are multiple rate tiers for this CD Type. This minimum represents the first tier only. Use the View Tiered Rates (F23) feature to view additional tiers.

Maximum Amount

The maximum amount which can be deposited into the CD account.

·     NOTE: If an asterisk (*) appears next to the Rate for this product, there are multiple rate tiers for this CD Type. This maximum represents the first tier only. Use the View Tiered Rates (F23) feature to view additional tiers.

Calc Type

A code indicating how the CD dividends are calculated. Valid codes are as follows:

A Dividends compounded on the CD balance plus accrued daily dividends

C Dividends computed on the current CD balance

S Dividends computed on original CD amount (face value) only

APY

The Annual Percentage Yield, provided in compliance with the Truth in Savings regulations. This is calculated taking into account compounding and other variables.

·     NOTE: For certificates that are set up to pay dividends at redemption only (usually dividend payment code “R”), the calculator will not show the correct APY beyond 12 months.

Buttons

Buttons

Description

APY calculator (F2)

To calculate the APY for any product, select the product in the list and use F2.

Up arrow (Cancel/F7)

Use this to return to the initial rate inquiry screen.

Dividend quoter (F10)

Use this to quote anticipated dividends using actual amounts and timeframes.

History (F16)

Use this to view a history of prior rate changes for a particular product. Select the product in the list and use F16.

Procedures (F21)

Use this to view credit union-defined procedures for opening this account.

Marketing tips (F22)

Use this to view credit union-defined hints and instructions for selling this product to members and answering commonly-asked questions.

View tiered rates (F23)

If an asterisk (*) appears next to the Rate for this product, there are multiple rate tiers for this CD Type. Use this feature to view additional tiers.

Additional Video Resources

View more lending videos.

Visit the Show Me the Steps video library to view more videos!

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#IRATE3-01.htm