Setting Up Deposit Applications

Use this information to create a list of the institution's deposit products or product groups. This list matches your core system and the information coming into the application each month through the monthly update process.

1. Navigate to Setup > Assumptions > Deposit Applications.
2. Select to add a row of blank fields to the page.

   If you want to set up assumptions for multiple deposit products at the same time, you can select this option several times to add multiple blank rows.

   When deposit assumptions exist, new rows are added on the first page even if the list of deposits spans several pages.

3. Give the deposit a unique Name.
4. Complete the fields.

   Select Accounts

   Select the link in the Accounts column to add accounts.

   Capital

   The institution's capital allocation represents the institution's highest possible equity in a particular deposit product. Capital is allocated to deposits based on each instrument's average balance. The capital allocation may vary based on products.

   Expense/Account

   The Expense/Account field represents expenses per account. Enter the institution's annual fixed cost for this type of deposit product.

   Expense Balance

   This field is used to calculate a deposit product's annual expense to the institution as a percent of the product's account balances. For example, this functionality is useful when the institution wants to capture the higher expenses that are associated with high-balance accounts.

   Float

   This field shows the percentage of funds that must be kept on reserve for this type of deposit.

   Rate Type

   You have the following options:

   • Zero Interest/DDA - For non-rate-bearing demand deposits.
   • Single Rate - For savings and rate-bearing transaction accounts.
   • Time Deposit - For certificates of deposit (CDs).
   • Earnings Credit - For accounts where allocated fee income and associated expenses zero each other out.

   In addition to assigning a Name, only the Rate Type field must be defined before you can save a set of deposit product assumptions.

   Fee Income

   Enter the annual Fee Income associated with this deposit product.

   Enabled

   This field is a database marker that allows interaction with the products that have been defined in the product areas.

   Price

   Select this check box if the product must be available for use in pricing.

   Reserves

   This field shows the percentage of funds that must be kept on reserve for this type of deposit.

   Note: Both the Enable and the Price check boxes must be selected for a deposit product to be available in the Deposit pricing forms. These options are selected by default for new rows.
5. Select Save.