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Designed for Certificates of Deposits, this package will effectively manage any number of sizes, classes, or types. Each CD may compound daily, monthly, quarterly, semi-annually, or annually, and may be subject to early cancellation penalties. Additional deposits may be made and kept on record until the CD is renewed, and accrual reports may be generated upon request. Interest may remain accrued, transferred to CD principal, or paid to a designated person. Records are kept of pledged CD’s, income tax withheld, and interest paid. Truth in Savings is incorporated with APY calculations.
"Certificate of Deposit Accounting System" is part of the Solutions Plus Software line of products, developed by F.A.S. - Financial Accounting Systems.