Interest Rate{{ percent(accountType.interestRate) }}Worked out daily on the balance (rate ÷ 365)
Auto Interest Post
{{ accountType.autoInterestPost ? 'Yes' : 'No' }}
@if (accountType.autoInterestPost) {
Auto Interest Post When{{ accountType.autoInterestPostWhen || 'Monthly' }}Posts on the last day of each period
}
Maturity & Premature Closure
Maturity Auto Close
{{ accountType.maturityAutoClose ? 'Yes' : 'No' }}
Closes on the maturity date, if it names a savings account to be paid into
Premature Lock-in{{ lockinLabel(accountType.prematureLockinMonths) }}Below this, early closure is refused outright
Premature Interest Reduction{{ percent(accountType.prematureInterestReduction) }}Taken off the customer's rate when they bear the cost of closing early
Agent Commission Penalty{{ percent(accountType.prematureAgentCommissionPenalty) }}Taken off the agent's commission on an early closure
Accounting
DDS Customer Deposits (Liability){{
glLabel(accountType.depositLiabilityGlCode, accountType.depositLiabilityGlName)
}}Credited on collection, debited on payout
Interest Expense{{ glLabel(accountType.interestExpenseGlCode, accountType.interestExpenseGlName) }}Debited when interest is posted to customers
Agent Commission Expense{{
glLabel(accountType.commissionExpenseGlCode, accountType.commissionExpenseGlName)
}}Debited with this product's share of agents' commission