Savings
You can configure savings programs and enable your clients to invest certain funds in the programs and earn interest from holding the funds over a fixed time period that is set for each program.
Presets
On this page, you can view a list of presets containing settings of the created savings programs, modify them, and create new ones.
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 saving strategy.
Currently, only the
Fixedstrategy can be applied, indicating that fixed interest rates can be used in your savings programs.- Currency
The currency of a savings program. To participate in 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 fee along with the investment amount is deducted from a client wallet.
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.
- 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 calculated 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.
- Cancellation penalty
The penalty amount charged to a client if the client wants to withdraw the amount invested to a savings program before the end of the plan length.
The field is optional. If you don’t want to charge the cancellation penalty for early withdrawal, enter 0 (zero).
In the case of early withdrawal, a savings program is terminated for a client. The amount that the client can return to their wallet is calculated as follows:
Investment amount - Cancellation penalty.No partial withdrawal is allowed.
See also
Plans
On this page, you can view a list of interest payment plans that are created for clients after they subscribe to savings programs.
General information
The following information is provided about each plan:
- ID
The plan identifier.
- Status
The plan status.
- Strategy
The saving strategy.
Currently, only the
Fixedstrategy can be applied, indicating that fixed interest rates can be used in your savings programs.- Preset
The identifier of a preset containing settings of the savings program to which a client subscribed.
Click the identifier to navigate to the preset details page and view the program settings.
- Client
The client identifier.
Click the identifier to navigate to the client details page and view information about the client.
- Wallet account number
The identifier of a client wallet to which earned interest is paid.
- Details
The essential settings (such as the currency, investment amount, admission fee, and cancellation penalty) of the savings program to which a client subscribed.
- Created
The date and time when a client subscribed to a savings program.
To view payment plan details, click 
.
Details
On the details page, you can view settings of the savings program to which a client subscribed as well as a plan of interest payments created for the client.
The following information is provided in the payment plan:
- ID
The identifier of a payment transaction.
- Amount
The interest amount.
- Due date
The date and time when a payment is scheduled to be made.
- Status
The payment status:
Scheduled— indicates that a payment is scheduled but hasn’t yet been madePaid— indicates that a payment has been made to a clientCancelled— indicates that a payment was cancelled because the client decided to withdraw the investment amount before the end of the plan length
- Paid date
Only for interest payments to which the
Paidstatus is assigned.The date and time when interest was paid to a client.