Certificates of Deposit (COD) Policy - $75.00


The purpose of this Certificates of Deposit (COD) Policy Template is to describe COD accounts, products and services, and the related operations of a financial institution.  In general, a COD is a non-negotiable receipt for funds deposited in an interest-bearing account for a specific period of time.  The certificate (receipt) stipulates the terms and conditions of the deposit agreement.  Additional funds may be deposited only at maturity.  Withdrawals, prior to maturity, are permitted only with a substantial interest penalty as specified by Regulation D, except in cases where the depositor is deceased or has been declared legally incompetent by court order.

Table of Contents

Purpose and Contents - Topic 1
Policy Description, Authority and Scope - Topic 2
Product Definition - Topic 3
Interest Rates and Maturities - Topic 4
Automatically Renewable/Single Maturity COD - Topic 5
Grace Periods - Topic 6
Disclosure Requirements - Topic 7
Early Withdrawal Penalties - Topic 8
Interest Payments - Topic 9
Account and Serial Numbers - Topic 10
Opening a Certificate of Deposit - Topic 11
Certificates of Deposit Pledged as Collateral - Topic 12
Security Deposits - Topic 13
Certification of Certificates of Deposit - Topic 14
Certificates of Deposit in Forecast - Topic 15
Changing or Correcting Account Information - Topic 16
Closing a Certificate of Deposit - Topic 17
Lost Certificates of Deposit - Topic 18
Maturity Procedures and Notices - Topic 19
Past Matured Certificates of Deposit - Topic 20
Retention of Documentation - Topic 21

This Certificates of Deposit Policy Template (approximately 9 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $75.00.

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