Navigation:  Deposit Screens > Account Information Screen Group > Roll Schedules screen

Show/Hide Hidden Text

The Roll Schedules screen has two tabs: Product Code Schedule and Certificate Rate and Term Schedule.

 

 

•Use the Product Code Schedule tab to set up a schedule of up to 10 roll events to automatically take place on the customer deposit account once certain conditions are met (for example, the conversion of an interest-free checking account to an interest-bearing checking account after a specified number of months have passed). Only valid product codes that have been entered through the Deposits > Definitions > Product Codes screen will be available to select in the Next Product Code fields on this tab. Using this tab prevents the use of the Certificate Rate and Term Schedule tab on certificate accounts (the Certificate field on the Deposits > Account Information > Account Information screen is marked).

 

•Use the Certificate Rate and Term Schedule tab to automatically roll rates or rate and tier pointers, and generate renewal and/or maturity notices for a certificate account during the life of the certificate of deposit or rolling checking account (for example, rolling the account from a 12-month CD to a 36-month CD). The system allows for up to 10 Periods (events) for the user to specify on the customer account.

 

These functions happen in the afterhours processing according to the Effective Date entered for each event.

 

Retirement accounts (as designated on the Account Information screen) cannot be rolled to non-retirement accounts, and non-retirement accounts cannot be rolled to retirement accounts. If you roll an active customer overdraft account into a customer checking account that does not have the Overdraft feature (as designated on the Account Information screen) set, the overdraft feature will remain on the customer checking account that was rolled into. Unwanted overdraft features must be removed manually on this screen. Overdraft features can be adjusted for individual customer accounts on the Deposits > Account Information > Overdraft & Secured Loans screen. For the transaction, institution, and CIM GOLD features that pertain to the use of the overdraft feature, see the Overdrafting Conditions and Options help page.