BalanceBuilder

Overview

The BalanceBuilder product allows the financial institution (FI) to offer a non-maturing deposit account product to its customer or members that uses a split-rate pricing approach to combine tiered and bonus pricing that rewards deposit growth over the life of the account with ongoing rate incentives. The level of the incentive is continuously controlled by the FI as all rates are variable and the rate paid on growth is set monthly.

The Problem

Banks and credit unions are having challenges a attracting and retaining deposits at a rate that does not have a significant impact on their net interest margin.

The Solution

An innovative deposit product that does not require core integration and can be deployed in 120 days or less.