Systems and methods for automatically reinvesting certificate of deposits with an increase of the investment

A system for facilitating investing in certificates of deposit, the system comprising:

• a memory;
• and
• a processor in connection with the memory, the processor operable to execute software modules, the software modules comprising:
• a module configured to receive a request to purchase a certificate of deposit wheel comprising more than one certificate of deposit each having the same term and the same period;
• a module configured to receive an initial amount of funds from an investor;
• a module configured to set an initial value of the certificate of deposit wheel equal to the initial amount of funds;
• a module configured to receive, for the certificate of deposit wheel, an investor-selected term and period, wherein the period comprises the period between purchasing each of the more than one certificate of deposit;
• a module configured to purchase each of the more than one certificate of deposit with the initial amount of funds based on the investor-selected term and period, wherein the purchasing comprises purchasing a last certificate of deposit prior to the maturation of a first purchased certificate of deposit;
• a module configured to provide, on a user interface, reinvestment election options for the value of each of the more than one certificate of deposit as each of the more than one certificate of deposit matures;
• a module configured to receive a reinvestment election for each of the more than one certificate of deposit prior to the maturation of each of the more than one certificate of deposit;
• a module configured to reinvest the value of each of the matured certificate of deposit according to the reinvestment election;
• a module configured to update, on the user interface, a value of certificate of deposit wheel as each of the more than one certificate of deposit matures;
• a module configured to dissolve the certificate of deposit wheel by converting the certificate of deposit wheel into individual certificates of deposit when the updated value of the certificate of deposit wheel is below a predetermined percentage of the initial value of the certificate of deposit wheel;
• and
• a module configured to repeat the reinvesting step and the updating step when the updated value of the certificate of deposit wheel is not below the predetermined percentage of the initial value of the certificate of deposit wheel.

A method of facilitating investing in certificates of deposit using a computer, the method comprising:

• receiving a request to purchase a certificate of deposit wheel comprising more than one certificate of deposit each having the same term and the same period;
• receiving, via a processor, an initial amount of funds from an investor;
• setting an initial value of the certificate of deposit wheel equal to the initial amount of funds;
• receiving, via the processor, for the certificate of deposit wheel, an investor-selected term and period, wherein the period comprises the period between purchasing each of the more than one certificate of deposit;
• purchasing, via the processor, of deposit with the initial amount of funds based on the investor-selected term and period, wherein the purchasing comprises purchasing a last certificate of deposit prior to the maturation of a first purchased certificate of deposit;
• providing, on a user interface, reinvestment election options for the value of each of the more than one certificate of deposit as each of the more than one certificate of deposit matures;
• receiving, via the processor, a reinvestment election for each of the more than one certificate of deposit prior to the maturation of each of the more than one certificate of deposit;
• reinvesting, via the processor, the value of each of the matured certificate of deposit according to the reinvestment election;
• updating, on the user interface, a value of the certificate of deposit wheel as each of the more than one certificate of deposit matures;
• determining the value of the certificate of deposit wheel;
• dissolving, via the processor, the certificate of deposit wheel by converting the certificate of deposit wheel into individual certificates of deposit when the value of the certificate of deposit wheel is determined to be below a predetermined percentage of the initial value of the certificate of deposit wheel;
• and
• repeating the reinvesting step and the updating step when the value of the certificate of deposit wheel is determined to not be below the predetermined percentage of the initial value of the certificate of deposit wheel.