Meridian Feature: Certificates of Deposit (CDs)
The McCoy Myers Certificates of Deposit System provides online inquiry capabilities. Transaction entries are entered online by client user personnel and file maintenance updates are captured in real-time mode. Transaction data captured by the system is used to prepare daily reports, update history files, calculate earnings and prepare related entries for general ledger.
Features:
- Up to 9 fluctuating interest rates
- Up to 50 user-defined CD classes
- Multiple accrual and payment methods for earnings
- Automatic calculation of penalty amount
- Full IRA reporting
- Life to date transaction history on screen
Reports:
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