Add a savings account product

📘

Prerequisites

The interest plan that you want to use must already exist on the Pismo platform. For more information, refer to Manage interest plans.

To add a savings account product:

1. From the main menu, select Setup > Deposit products.
2. On the Deposit products screen, select Create.
3. On the Select Deposit product type screen, select Savings account and select Next.
4. On the Create your savings account product screen, enter a descriptive name for the product in the Name field.
5. In the Interest plan menu, select the interest plan that you want to use and select Next.
6. On the Attach processing codes screen, enter the processing codes (by name or by ID) to be used in the following cases:
   1. Interest processing code: Used for crediting accrued interest to this product.
   2. (Optional) Withholding tax processing code: Used for calculating tax withholding for this product.
7. Select Next.
8. On the Review screen, verify that the information you provided is correct, then select Finish.

📘

Activate the deposit product

A deposit product is created with the initial status Created, but can't be used until it is activated. To activate a deposit product, do the following:

1. On the Deposit products screen, select the deposit product.
2. On the details screen, select the status button and choose Active.
3. In the Update status dialog, enter a reason for the change and then select Yes.