CD types
What's the Code for when the Dividends go back to the CD
C
For Joint Tenants, where do you put the "Joint tenants with right for Survivorship
On the next free line under the members
EX:
Pay to the order of 1: person or Person 2
Pay to the order of 2: Joint Tenants with Right of Survivorship
When do need you fill in the CD Maturity date
CD Specials
What's the Code for when the Dividends go back to a share account
S
Can someone add whoever they want too the CD
Yes
When does the APY and Dividend rate differ
when the Dividends go back to the Certificate
Whats the Code for a Traditional IRA
T
How does the Pay to the order of and POD need to read
PTTO: Needs to be "Or" unless requested by member
POD: Needs to be "And"
When are the APY and Dividend rate the same
If the dividends are not going back to the Certificate. EX: Back to savings or Payment by Draft
Who do you run OFACS for on the CD
Everyone but the primary
Whats the Code for a Roth IRA
R
When do you need a Joint Tenants form?
If the two people are not married
When do you talk to the members about matching Rates
When they start talking about moving the funds to another institution
What's the code for the CD Specials
CT and SH
Can IRA CDs have beneficiaries
No
If a member wants to match another Institution, who do you ask first.
Monica or KT