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Deposit Anytime CD Product Features - Model 4/11/08 Launch

IP.com Disclosure Number: IPCOM000247459D
Original Publication Date: 2016-Sep-08
Included in the Prior Art Database: 2016-Sep-08
Document File: 2 page(s) / 153K

Publishing Venue

Undisclosed

Abstract

Conceptual flowcharts and wireframes

This text was extracted from a Microsoft PowerPoint presentation.
This is the abbreviated version, containing approximately 77% of the total text.

Slide 1 of 2

Deposit Anytime CD Product Features – MODEL 4/11/08 Launch

A structured savings plan that allows customers to invest gradually – instead of coming up with a large lump sum -- while receiving better returns than a standard savings account.

Account Requirements

  Open the account with a minimum deposit of $300 for a 12 month term.

  Set up a regular monthly automatic transfer of with a minimum of $50 from a checking or savings account, transfer from another financial institution or as a direct deposit.

  The monthly automatic transfer is required. However, if needed, the amount of the regularly scheduled transfer can be changed monthly.

  Accessibility:

  1 penalty free withdrawal per term. Additional withdrawals are subject to standard penalty fees.

  Interest Rates:

  As an added incentive, as the customer’s savings grows so will their rate. The rate will increase with each balance milestone.

  Rates are based on a variable balance tier rate structure.

Balance

Rate

Less than $1,000

.25%

$1,000 - $2,500

.30%

$2,500 - $5,000

1.5%

$5,000 - $10,000

3.0%

Over $10,000

4.5%

Note: Rates are subject to change.

Notes

1


Slide 2 of 2

Deposit Anytime CD Product Features – CA 10/1/07 Launch

A structured savings plan that allows customers to invest gradually – instead of coming up with a large lump sum -- while receiving better returns than a standard savings account.

Account Requirements

  Open the account with a minimum deposit of $300 for a 7 month term.

  Set up a regular monthly automatic transfer of with a minimum of $50 from a checking or savings account.

  The monthly automatic transfer is required. However, if needed, the amount of the regularly scheduled transfer can be changed monthly.

  M...