Each digitally-populated rate sheet is simply and easily customized to the potential member and the assets they’re working with. The financial institution can even see how their rates stack up against their peers or other competitors in the space, removing the need for a depositor to search for rate sheets on every potential FI’s website.
Using CoreCD, a financial institution can engage with the depositor and input needed information into the platform to generate a CD rate sheet that is up-to-date with the current market and specific to the depositor. CoreCD reduces the need for financial institutions to engage in price wars. Instead, each depositor receives flexible options compatible with their current financial situation.
CoreCD requires no technical lift from financial institutions. It is accessed through a web-based tool that can be accessed through any browser or mobile device, where all values are calculated, and rate sheets are generated. CoreCD has been designed and refined to be used as a tool to better price and sell CDs. If a depositor decides to accept an offer, the FI still separately logs it in their core system records.
In addition to CoreCD, The CorePoint has a number of resources available for financial institutions, such as a Time Deposit Best Practices checklist, frontline sales training and executive workshops and coaching.
Introduction to CoreCD
"The Core CD products and tools have been excellent at assisting our credit union in being strategic about deposit pricing and managing our cost of funds. Beyond the products and tools, the team at Core CD has been phenomenal. Every employee we have encountered has been supportive, education focused, and tailored to our specific credit union. We have felt like we have been receiving white glove service since the day we engaged in Core CD. We appreciate that the Core CD team is extremely strategic and not shy to share creative ways to appropriately manage our deposit and member relationships. If I were to sum up Core CD in four words, I would say flexible, strategic, supportive, and fun!"
Lindsey A. Dozier
Vice President of Retail
Collins Community Credit Union
Let's connect today to see how CoreCD can help your financial institution.