The Certificate of Deposit (CD) Earnings Inquiry screen allows Personal Bankers to compare the total earnings for each rate. This is often helpful when discussing rate options with clients, as well as, when building and retaining those client relationships.

For instance, if a client is contemplating moving funds to another institution due to a promotional rate, use the CD Earnings Inquiry screen to compare that promotional rate with Capital City Bank's best rate. Many times seeing the actual dollar amount the client would earn is enough to help them decide to maintain their relationship with us, even if their earnings may be a little lower.

To use this tool, do the following:

1.  In Xperience > Silverlake > Time Deposit Menu, click CD Earnings Inquiry.
   
2. Enter Name of Client.
3. Enter CD Type.
   • Use the 2 character Product Type Code. A list of these codes can be found in the accordion below.

   • CD Product Type Code

     Regular CD

     Code	Description	Code	Description
     CA	Reg 7-89 Day	IA	IRA 7 - 89 Days
     CB	Reg 3 Month - 5 Month	IB	IRA 3 Month - 5 Month
     CC	Reg 6 Month - 11 Month	IC	IRA 6 Month - 11 Month
     CD	Reg 12 Month - 14 Month	ID	IRA 12 Month - 14 Month
     CE	Reg 15 Month - 17 Month	IE	IRA 15 Month - 17 Month
     CF	Reg 18 Month - 23 Month	IF	IRA 18 Month - 23 Month
     CG	Reg 18 Month Variable	IG	IRA 18 Month Variable
     CH	Reg 24 Month - 35 Month	IH	IRA 24 Month - 35 Month Variable
     CJ	Reg 36 Month - 47 Month	IJ	IRA 36 Month - 47 Month
     CK	Reg 48 Month - 59 Month	IK	IRA 48 Month - 59 Month
     CL	Reg 60 Month	IL	IRA 60 Month
     CM	Reg Miscellaneous Days	IM	IRA Miscellaneous Days
     CN	Reg 7 Mth Preferred Rate	IN	IRA 7 MTH HIP Pocket
     CO	Reg 13 Mth Preferred Rate	IO	IRA 19 MTH HIP Pocket
     CP	Public Funds	IT	IRA 25 MTH HIP Pocket
     CT	Reg 25 Month Preferred Rate	IU	IRA 37 MTH HIP Pocket
     CU	Reg 37 Mth Preferred Rate	IY	IRA Money Market
     		IZ	IRA Savings

      

     Jumbo CD

     Code	Description	Code	Description
     JA	Jumbo 14 Day - 29 Day	RA	Jumbo IRA 14 Day - 29 Day
     JB	Jumbo 30 Day - 59 Day	RB	Jumbo IRA 30 Day - 59 Day
     JC	Jumbo 60 Day - 89 Day	RC	Jumbo IRA 60 Day - 89 Day
     JD	Jumbo 90 Day - 179 Day	RD	Jumbo IRA 90 Day - 179 Day
     JE	Jumbo 180 Day - 269 Day	RE	Jumbo IRA 180 Day - 269 Day
     JF	Jumbo 270 Day - 359 Day	RF	Jumbo IRA 270 Day - 359 Day
     JG	Jumbo 360 Day	RG	Jumbo IRA 360 Day
     JH	Jumbo Miscellaneous Term	RH	Jumbo IRA Miscellaneous Term
     JI	Jumbo 7 MTH HIP Pocket	RI	Jumbo IRA 7 MTH HIP Pocket
     JJ	Jumbo 13 MTH HIP Pocket	RJ	Jumbo IRA 13 MTH HIP Pocket
     JP	Public Funds Jumbo	RT	Jumbo IRA 25 MTH HIP Pocket
     JT	Jumbo 25 MTH HIP Pocket	RV	Jumbo IRA 37 MTH HIP Pocket
     JV	Jumbo 37 MTH HIP Pocket

      

      

      
4. Click OK.
5. Under Interest Details, enter the Principal Amount.
    
6. Enter the Interest Rate.
   
7. Click OK.
    

Example Scenario

A client received an offer from another financial institution for a 6 month CD with a 5% rate. The client comes to you to see what Capital City Bank's best rate for that 6 month term would be. You tell them it is 4.75%, and offer to do an inquiry to compare what the totals would be at each rate.

• The total interest earned for a $75,000.00 CD for a 6 month term at 4.75% is $1,793.71.
  
   
• The total interest earned for a $75,000.00 CD for a 6 month term at 5% is $1889.30
  
   
• The earnings difference between the 2 totals is $95.59. While their total earnings with Capital City Bank may be slightly lower, the investment you are making in the relationship by taking the time to ask questions and share this information often makes all the difference to a client.