Terms
Define Term
What is a set period of time?
Are we allowed to give our Time Deposit Account rate sheets to clients.
Which is TRUE?
What is daily?
CD stands for these words
What is Certificate of Deposit?
The people that approve CD closures in the branch.
Who are one of the managers?
Term of Birthday CD
What is 12 Months/1 Year?
Approves rate exceptions
Who is Regional Manager/Amber? (Also Jess)
The minimum amount of funds to open a normal CD.
What is $1000?
Target Market for Birthday CD's
Who are clients 50 years or better with ANY personal checking account?
The name of closing GL Ticket.
What is COD Suspense?
The days of grace period from maturity date.
What is 7?
Name of form used to request rate bumps.
What is CD Rate Exception form?
The interest is paid this often.
What is monthly, quarterly, semi-annually, or annually?
The target demographics of a JUMBO CD.
What are Businesses and municipalities with a balance of $250,000 or more.
If client needs to withdraw funds before end of term this may happen.
What is Incur a Penalty?
All CD's automatically renew.
Which is false?
Birthday CD's increase rates by this percentage every year.
What is 0.01 basis point?
The minimum balance to open a Jumbo CD.
What is $250,000?
A climbing rate CD allows access this often.
Which is every 6 months?
The option you choose on NUPOINT to determine the amount the client will receive when they close the CD.
Which is "Close the account"?
The term penalties are.
What is 180 days of interest for equal or less than 365 days or 360 days interest for more than 365 days?
The person that provides the interest rate, APY, and term.
Whos is Brad Roubitchek or Treasury Management?
Interest is paid in 3 different ways.
Which are; Compounded to principal, deposited to Centier account, ACH to another FI?
The benefits of Short Term CD's.
Which are; Profitable, flexible, and convenient?
The 4 key things to check before closing a CD.
What are; tax levy or court order on account, alert that says pledged, death of one of the signers, or bad address?