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To create a saving a savings account use the “Savings” Savings tab in the customer profileprofiles. Then click on the  + Create saving button on the upper right-hand corner.

After a new saving page loaded you will have Once the page related to the savings account set-up is loaded, you will have to specify the following parameters:   

  • SavingSavings product – select the  savings product  from the drop-down list

  • SavingSavings officer – select the person with the relevant role

  • Open date – specify the open opening date of the account

  • Interest rate – specify the interest rate within the predefined range


The rest other fields present various fees which can be applied, for instance, Deposit fee rate and Deposit fee flat, Entry fees rate and flat, etc. Please refer to section on Savings Products for more information. 

After filling up in all the required information, you will be able to save or discard your changes by clicking Save or  or Cancel buttons respectively.
After saving the , two buttons will appear at the upper right-hand corner -  Open and Edit. You can make changes anytime unless the account is opened using the using the Edit button.
To activate the created account, you have to click the  Open button and provide an initial amount in the popup window. Then click Open in this window, and the account will change status from IN PROGRESS to OPEN. 


Info

Please note that in order to open a saving savings account,   the customer has to have funds on his current account. If he doesn't, "Insufficient funds on account" error will appear.

You can deposit funds via the Teller management module.