Presets
Manage savings program presets — view, edit, or create new ones. Set terms, rates, and penalties. Presets can't be deleted but can be deactivated if not in use
On this page, you can view a list of presets with savings program settings, modify them, and create new ones.
Presets can’t be deleted but can be disabled by changing their status to Inactive.
General information
The following information is provided about each savings program:
ID
The identifier of a savings program.
Name
The unique name of a savings program, which is displayed to clients in the B2CORE UI.
Strategy
The savings strategy:
Fixed— a fixed interest rateFlexible— a flexible interest rate
Currency
The currency of a savings program. To subscribe to the program, your clients must have wallets denominated in the program currency.
Status
The status of a savings program.
If Active, the card showing details of a savings program is displayed in the B2CORE UI, and clients can subscribe to the program.
If Inactive, the card of a savings program isn’t displayed in the B2CORE UI.
Description
The description of a savings program, which is displayed to clients in the B2CORE UI.
Created
The date and time when a savings program was created.
Last updated
The date and time when a savings program was last updated.
To view savings program details, click the Edit button.
Details
On the details page, you can view and modify the following program settings:
Name
The unique name of a savings program, which is displayed to clients in the B2CORE UI.
Status
The status of a savings program.
If Active, the card showing details of a savings program is displayed in the B2CORE UI, and clients can subscribe to the program.
If Inactive, the card of a savings program isn’t displayed in the B2CORE UI.
Admission fee
The fee amount that a client must pay for participation in a savings program. When subscribing to the program, the admission is deducted from a client wallet denominated in the program currency.
The field is optional. If you don’t want to charge the admission fee, enter 0 (zero).
Description
The description of a savings program, which is displayed to clients in the B2CORE UI.
Flexible Preset Details
Minimum investment amount
The minimum amount of the initial investment. When subscribing to a program, clients must invest the specified minimum or more.
Minimum additional investment amount
The minimum amount that clients can add to the initial investment.
The minimum investment and additional investment amounts can be specified as integer or decimal values.
Payment period
The frequency of interest payments to a client wallet. Always, The first day of each month and can’t be changed.
Penalty period (days)
The period, in days, during which a client can’t withdraw their invested funds without a penalty.
Penalty type
Defines how the penalty is calculated when a client withdraws invested funds before the end of the penalty period:
Fixed — a fixed amount is deducted as a penalty.
Percentage — a percentage of the total invested funds is deducted as a penalty.
Redeem penalty
For the Fixed penalty type, specifies the exact penalty amount charged to a client. The amount must be an integer or decimal value and must be lower than the minimum investment amount.
For the Percentage penalty type, specifies the percentage of the total invested funds deducted as a penalty.
Tiers
In this section, you can view the number of added tiers that are used to apply flexible interest rates.
For each tier, the following parameters are specified:
Tier from
The minimum amount that clients must invest to get an interest rate assigned to that tier. This amount indicates the tier’s starting point and the previous tier’s end point.
Annual percentage rate
The annual interest rate, in percentage, applied to the tier.
There is the tier with the Tier From value equal to 0 (zero), which can’t be removed.
For example, suppose you have the following tiers configured:
Tier 1: the Tier from is 0 and the Annual percentage rate is 1%
Tier 2: the Tier from is 2,000 and the Annual percentage rate is 2%
If a client invests 500, that client receives an interest rate of 1%.
If the client adds 1,499, bringing the total invested amount to 1,999, the interest rate remains at 1%.
Once the client adds more funds and reaches a total investment of 2,000 or more, the interest rate increases to 2%.
When modifying tiers, you can select the Update Savings Plans Tiers to apply the modified tiers to the savings plans that have already been created based on the selected preset (for details, refer to Modify tiers for savings programs with Flexible strategies).
Fixed Preset Details
Plan length (days)
The holding period, in days, during which the investment amount contributed to a savings program must be held. The plan length can be specified with an interval of 30 days, such as 30, 60, 90, and so on.
At the end of the plan length, the investment amount is refunded to the client wallet.
Payment period (days)
The payment period, in days, indicating how often interest is accrued and paid to a client wallet. The payment period can be specified with an interval of 30 days, such as 30, 60, 90, and so on.
Investment amount
The amount that must be contributed to a savings program. When subscribing to the program, the investment amount is deducted from a client wallet denominated in the currency of the savings program. If a client has more than one wallet denominated in the program currency, the client can select a wallet from which the investment amount should be deducted.
Interest rate (percent)
The percentage of the investment amount, which is used to calculate interest earned at the end of each payment period.
Penalty type
Defines how the penalty is calculated when a client withdraws invested funds before the end of the plan length:
Fixed — a fixed amount is deducted as a penalty.
Percentage — a percentage of the invested funds is deducted as a penalty.
Cancellation penalty
For the Fixed penalty type, specifies the exact penalty amount charged to a client. The amount must be an integer or decimal value and must be lower than the investment amount.
For the Percentage penalty type, specifies the percentage of the investment amount deducted as a penalty.
See also
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