Create or change a savings product

Steps

1. Open Savings → Products and select New product (or open a product and select Edit).
2. Set the name, type (non-withdrawable, withdrawable, target, term or junior), interest model, notice period and any early-withdrawal penalty.
3. Decide Counts toward borrowing and Can be pledged.
4. Select Save, then Activate. Activation goes to a second officer in Approvals.

What happens next

Changes apply to accounts opened from the effective date. Existing accounts keep the terms they opened with.