Enhanced demand deposit accounts
AssigneeThe PNC Financial Services Group, Inc.
InventorsLinda H Wakim, Alan Trivilino, Richard Claypoole
Life of this patent
Estimating the term…
Abstract
A method for adjusting a demand deposit account. The method may comprise the step of structuring the demand deposit account with at least a first balance tier and a second balance tier. The methods may also comprise the steps of monitoring a balance of the demand deposit account, and accruing interest to at least a portion of the balance of the demand deposit account at an interest rate if the balance falls within the second balance tier. The interest rate may be tied to an interest rate of an investment account.
Claims19
A method for adjusting a demand deposit account, the method comprising:
- structuring the demand deposit account with at least a first balance tier and a second balance tier;
- monitoring a balance of the demand deposit account with a computer system, wherein the computer system comprises at least one processor and operatively associated memory;
- and,
- accruing interest with the computer system to at least a portion of the balance of the demand deposit account at an interest rate if the balance falls within the second balance tier, wherein the interest rate is tied to an interest rate of an investment account.
A system of adjusting a demand deposit account, the system comprising:
- a computer system configured to structure a demand deposit account with at least a first balance tier and a second balance tier;
- and
- an interest module executed by the computer system and configured to monitor a balance of the demand deposit account, and accrue interest to at least a portion of the balance of the demand deposit account at an interest rate if the balance falls within the second balance tier, wherein the interest rate is tied to an interest rate of an investment account.
A computer-readable medium comprising instructions for causing a computer system to execute a method for adjusting a demand deposit account, the medium comprising instructions for:
- structuring the demand deposit account with at least a first balance tier and a second balance tier;
- monitoring a balance of the demand deposit account;
- and,
- accruing interest to at least a portion of the balance of the demand deposit account at an interest rate if the balance falls within the second balance tier, wherein the interest rate is tied to an interest rate of an investment account.
Dependencies are inferred from the claim text.