Menu 4.26 - Update Interest

Use this option to persist the interest on multiple accounts at one time.

Updating calculated interest on accounts

To update calculated interest on accounts:

1. From the Master menu, navigate to Trust Activity > Update Interest (menu 4.26).

   

   The Update Interest option is located on Screen 2. To access the second screen, press Enter at the Enter Selection prompt.

2. In the Update Interest? window, do one of the following:
   • To update accounts with calculated interest amounts, click Yes.
   • To keep the interest as-is, click No.
3. In the Enter Account Number(s) Separated by a Semicolon window, do one of the following:
   • If you know the accounts to change the interest for, type the account numbers, separating each with a semicolon, and press Enter.

   • To use a Recall "saved list", such as GET-LIST ACCTLIST, type the Recall statement, and press Enter.

     For more information, see Working with Recall.

4. In the Enter new effective interest date window, type the effective date for the new interest rate, and press Enter or click Ok.
5. In the Start Updates? window, do the following:
   • To update the selected accounts with the new interest, click Yes.
   • To cancel the routine without making changes to the interest, click No.
6. At the Interest updates are completed <CR> prompt, press Enter.