Posting Dividends to a Certificate Account (2)

Screen ID:

Screen Title:

Panel Number:

TCDDTB-02

Certificate of Deposit Demand Dividend

1474

This is the third and final screen used when paying dividends from an individual certificate account type. Enter an amount no greater than the accrued dividend into the Pay Dividend of field and use Enter to perform the transfer of dividend funds. Depending on the type of CD, the dividends will either be transferred back to the CD balance, or to the designated transfer account.

Field Descriptions

Field Name	Description
Base Share Balance	Regardless of the type of account being used, this field shows the current balance for the member's base (-000) share account.
Certificate Amount	This is the original CD amount.
Current Balance	The current balance of the account.
Total Dividends	The total amount of dividends earned by the certificate account since it was opened.
Dividends Withdrawn	The amount of any dividends already withdrawn from the account.
Div Withholding	If this member is subject to dividend withholding (set up in the member profile), this field shows the amount which is being withheld for payment to the IRS.
Penalty Amount	Any penalties incurred for early withdrawals from this CD.
Net Balance	The Certificate Amount, plus Total Dividends, minus Dividends Withdrawn, minus Div Withholding, minus Penalty Amount.
Dividend Accrued	The total dividends accrued to date but not yet added to the account balance.
Date of Issue	The date on which this certificate was created.
Maturity Date	The date on which this certificate matures.
Certificate Rate	The interest rate earned by this CD.
Pay Dividend of	Enter the desired amount of dividends to be added to the account balance. This field is required, and can be less than or equal to the amount shown in the Dividend Accrued field.
Dividend Transfer To Account	This field appears only for CDs which are configured so that dividends are transferred to another account number, rather than back into the CD balance. The field shows the account to which the dividends will be added, and cannot be changed here.