Saving Account Fields

The saving product upon which to base the saving account. When the product is selected, the rest of the saving product form will open and the saving product values will populate the form.

Saving products that are active on the current date will display in the Product list.

Required field

Select from list

The date the saving account application was submitted on. Valid dates include the current date or earlier but cannot precede:

• the date the client, group, or center applying for the saving account became active
• the date the saving product became active

Required field

Select from pop-up calendar

The financial institution employee who will be responsible for the saving account.

Optional

Select from list

Cannot be changed

Required field

Numeric

Required field

Select from list

The currency in multiples of value is set in the saving product and cannot be modified on a saving account.

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 Note: this field does not appear to have any functionality for a saving account / saving product.

Required field

Numeric

The period at which interest rate is posted or credited to the saving account.

The interest posting value will default from the saving product, but can be changed for a saving account.

Required field

Select from list

The method used to calculate interest.

The interest calculated using value will default from the saving product, but can be changed for a saving account.

Required field

Select from list

The setting for number of days in year is used to calculate interest.

The days in years value will default from the saving product, but can be changed for a saving account.

Required field

Select from list

Sets the minimum deposit amount required to open a saving account of this saving product type.

The minimum opening balance value will default from the saving product, but can be changed for a saving account.

Optional field

Numeric with decimals

Used to indicate the length of time that a savings account of this saving product type is locked-in and withdrawals are not allowed.

The lock-in period values will default from the saving product, but can be changed for a saving account.

Optional field

Numeric and select from list

Indicates whether the withdrawal fee should be applied when funds are transferred between accounts.

The value will default from the saving product, but can be changed for a saving account.

Optional field

Checked if true; Unchecked if false

Indicates whether saving accounts based on this saving product may have an overdraft.

The value will default from the saving product, but can be changed for a saving account.

Optional field

Checked if true; Unchecked if false

Sets the maximum allowed overdraft amount for a saving account that is allowed to have an overdraft.

The value will default from the saving product, but can be changed for a saving account.

Charges will default from the saving product definition.

To remove a default charge, click x in the Action column.

To add a charge, select a charge from the Charges list and click Add. If more charges apply to the saving product, select additional charges and click Add for each.