02 — Capability · BC-1710.10
Deposit Product Setup
Offer deposit products whose features, rates, fees and terms are defined once and applied the same way to every account, so a product change reaches every account it should and no other. Deciding which products to offer and at what market price is product and pricing strategy.
- Deposit Product Configuration
- Deposit Product Catalog
- Account Product Definition
In scope
- Product features, eligibility and balance tiers
- Interest rate tables and rate change schedules
- Account terms, fee schedules and required disclosures
- Packaged accounts and relationship bundles
Out of scope
- Deciding the product portfolio and retiring products (see BC-510.20)
- Pricing strategy and price governance in general (see BC-470.10)
Realized by · 0
- No product in the catalog yet.
Used in · 1
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-1710.10.10Deposit Product DefinitionDefine each checking (current), savings, money market and term deposit product with its features, eligibility rules, limits and maturity options, ready to be opened.
- BC-1710.10.20Deposit Rate SettingSet and change the interest rates and tiers paid on each deposit product and schedule when each change takes effect for new and existing accounts.
- BC-1710.10.30Account Terms & DisclosuresKeep the terms, fee schedules and rate disclosures for every product current, and give customers the right version before opening and ahead of any change.
- BC-1710.10.40Relationship Account BundlesPackage accounts and services into bundles whose fee waivers and rate bonuses depend on the customer's combined balances or products held.