Patent ID: 7729987
Filing Date: 2010-06-01
Classification: G06Q

Abstract:
1. A method for adjusting a demand deposit account held at a financial institution by a depositor, the method comprising: structuring the demand deposit account with at least a first balance tier, a second balance tier, and a third balance tier; monitoring a balance of the demand deposit account by a computer system, wherein the computer system comprises at least one processor and operatively associated memory; determining, by the computer system, a supplementary amount, wherein the supplementary amount includes a portion of a balance of a certificate of deposit held at the financial institution by the depositor; accruing interest, by the computer system, from the financial institution to the balance of the demand deposit account at a first interest rate if the balance plus the supplementary amount falls within the first balance tier; accruing interest, by the computer system, from the financial institution to the balance of the demand deposit account at a second interest rate if the balance plus the supplementary amount falls within the second balance tier, wherein the second interest rate is equal to and tracks an interest rate paid by the financial institution on a savings account; accruing interest, by the computer system, from the financial institution to the balance of the demand deposit account at a third interest rate if the balance plus the supplementary amount falls within the third balance tier, wherein the third interest rate is equal to and tracks an interest rate paid by the financial institution on a money market account.