Patent ID: 8504432
Filing Date: 2013-08-06
Classification: G06Q

Abstract:
1. A method of handling funds of a certificate of deposit, the method comprising: providing a computer having a processor; determining, using the processor, that the certificate of deposit issued to a depositor has matured; retrieving, from a database, a certificate of deposit post maturity instruction associated with the certificate of deposit that was created in accordance with issuance of the certificate of deposit; determining, using the processor, that instructions indicate when a rollover of the certificate of deposit is indicated in the retrieved certificate of deposit post maturity instruction; determining, using the processor, at least one rollover term and a rollover amount of funds associated with the rollover term when the rollover of the certificate of deposit is indicated in the retrieved certificate of deposit post maturity instruction; determining, using the processor, that the certificate of deposit has matured; thereafter, determining, using the processor, that an additional instruction from the depositor has not been received; disposing the funds of the certificate of deposit by the processor in accordance with the certificate of deposit post maturity instruction; wherein the certificate of deposit post maturity instruction specifies a number of times that the certificate of deposit is to be rolled over, and it involves: determining that the certificate of deposit has been rolled over fewer than the number of times indicated in the certificate of deposit post maturity instruction; and rolling over at least a portion of the funds of the certificate of deposit into an additional certificate of deposit.