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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
 DDA
 Direct Exception Proc
 General Ledger
 Investment Securities
 IRA Processing
 Loans
 Management Reporting
 ODBC
 Proof Item Entry
 Remote Proof
 ReportWriter
 Safe Deposit Box
 Savings

The use of a standardized Microsoft SQL database combined with proven Canon hardware, and a very solid programming structure from ASI, gave us the ability to implement with confidence.
Darren Gragg
Chief Technology Officer
Bennington State Bank


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