On Call Investments
For funds invested with you that are for no set period, this module is ideal. Interest is accrued on a daily basis and charged to the account based on a user defined rest period. Interest profile flexibility allows multiple investment product offerings. Both debit and credit interest rates can be defined on a single interest profile.
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Term Deposits
This module records investments that are for a fixed period of time. Investment periods are user defined and can be expressed as days, months or years. Deposits may be automatically rolled over with no user intervention.
The interest rate is fixed for the term of the deposit, although a lower rate can be applied to a broken deposit, or a fee applied.
Unit Fund Investments
As unit fund account balances change, these update the number of units on the account based on the current valuation. Regular distributions can be made to accounts on an accrual basis using interest earned on variable loans for a period. Manual adjustments can be made. A full audit trail of the distribution is available.
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