Core-X / Features / Savings plans and esusu
Savings plans and esusu
Customers can lock money away for a rate, save towards a target, or pool contributions with a group and take turns receiving the pot.
Works in the demo bank
What it does
- Fixed deposits with rollover, and target savings with standing instructions.
- Interest earned every day and posted to the books as it is earned.
- Early break at a share of the interest the bank sets.
- Esusu groups: members contribute each cycle and the pot is paid out only when it is complete.
- Plans and groups are checked against the ledger in the reconciliation list and counted in the depositor file.