Certificate Rate Inquiry 

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

Description

The type code for the specific CD.

A description of the CD.

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.

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

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.

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.

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

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.

Description

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

Use this to return to the initial rate inquiry screen.

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

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

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

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

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.

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