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Savings/Time Deposit System

Fidelity's Savings/Time Deposit System is a comprehensive time-deposit system designed to satisfy the current and future processing requirements of a variety of investment deposit products for financial services organizations:
  • Savings accounts
  • Certificates of deposit (CDs)
  • Time deposit open accounts
  • Club accounts
This banking software's separate Retirement Plan Processing System supports the complex tracking and calculation processing required for U.S. retirement accounts, including Roth and Education individual retirement accounts (IRAs), Simplified Employee Pensions (SEPs) and Qualified Plan accounts.

Functions

  • Seven-day processing
  • Multicurrency and multilingual functionality
  • Flexible date-format options
  • Floating decimal capability
  • Support for customer correspondence in double-byte character-set languages

Features

  • Standard features:
    • Operational reporting
    • Multilevel processing options
    • Customer checks
    • Notices and statements
    • Individual retirement plan notices and reporting
    • Required regulatory reporting
    • Timely management reports
    • Flexible interest accruals
    • Service charges
    • CD renewal and rollover criteria
    • Rate history information
  • Easy introduction of new products and the capability to customize system features make it possible to rapidly meet increased volume and changing product needs.
  • Online security controls maintain system integrity.
  • Reporting capabilities and online access provide immediate status checks on all phases of system activity.