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#1035250 - 09/05/08 01:42 PM Variable Rate CD
RBanker Offline
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RBanker
Joined: Jul 2003
Posts: 2,675
Austin Texas
Has anyone offered a CD where the rate is tied to prime? What are some of the pros and cons that you ran into? How did you set up your TIS? Did it require a major edit? Any help would be appreciated - you can also hit me via PM if you like.

Thanks
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#1035258 - 09/05/08 01:45 PM Re: Variable Rate CD RBanker
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
You just have to disclose that it is a variable rate and tell them how the rate will be calculated. Most of the deposit platforms have capacity, although you might have to use a different stock form.

Your A&L manager will need to be on board to adjust IRR calculations.
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