Solution
Investment & Term Deposit
Fixed deposits and contribution plans that run themselves
Fixed deposits with flat or compound interest, maturity tracking, payout and printed certificates, plus daily, weekly and monthly contribution plans with target tracking for thrift, shares and welfare.
Term products are set up once and tracked to maturity. A fixed deposit carries its principal, rate, term and interest method, produces a printed certificate, and pays out or rolls over at maturity. Month-end interest on savings is posted per account type with the matching expense leg in the general ledger.
For cooperatives and thrift collectors, contribution plans model shares, savings, welfare and thrift (ajo / esusu) at daily, weekly or monthly frequency, with a target amount and progress tracked per member.
What it does
- Fixed deposits with flat or compound interest and any term
- Maturity tracking, payout and rollover
- Printed fixed deposit certificate
- Contribution plans: shares, savings, welfare and thrift
- Daily, weekly or monthly frequency with target amount and progress
- Month-end savings interest posted per account type
- Per-account-type rates, minimum balances and maintenance fees
How it works
- 1
Define the product terms once per account type or plan.
- 2
Open the deposit or enrol the member.
- 3
Zenus accrues, matures and posts the interest.
- 4
Certificates and statements print on demand.
Related
Works together with
Core Banking Solution
The branch banking core: customer profiles with any number of accounts, account opening with approval, teller cash deposit and withdrawal, tills and vault control, balance enquiry and statements.
Learn more →Transaction Processing
Real-time posting for cash, transfers, multi-credit and multi-debit batches, standing orders and bulk charges, hardened against duplicates, retries and concurrent tellers.
Learn more →Payment Processing & Collections
Loan repayments collected automatically by direct-debit mandate on the customer's card or bank account through Paystack, with retries, deactivation and a full attempt log.
Learn more →See Investment & Term Deposit on a live demo
A live demonstration on a sandbox with sample data, then a free two-day data assessment for a fixed go-live date.
Prefer WhatsApp? Chat with us