Setting up a CD

rbarton's Avatar


15 Dec, 2017 03:05 AM

I've read what I could find about setting up a CD with MoneyDance but I'm a little lost.

I set up a new Investment account.
I set up a generic Security, type is CD share price set to $1, and APR set to my current APR, compounding set to monthly.
I did an initial BuyXfr with a custom category of Initial Holdings for (example) $2000.00 to buy 2000.00 "shares" of the CD. This was dated for the date the CD last renewed 8 months ago.

The security details page now shows that I have (example) $2000.00 of the "CD" but doesn't show the monthly compounded interest and the balance in the summary on the left sidebar says $0.00.

What have I done wrong?

  1. 1 Posted by Tom Freeman on 15 Dec, 2017 05:06 PM

    Tom Freeman's Avatar

    The App does not automatically create a monthly interest transaction.

    What you can do is set up a transaction reminder to record the monthly interest as a divreinv transaction. You would edit the transaction monthly to record the exact interest.

    Tom Freeman
    Infinite Kind Support

  2. 2 Posted by rbarton on 16 Dec, 2017 02:39 PM

    rbarton's Avatar

    I understand how that will add the interest to the investment register but why would the summary in the sidebar be $0.00 ??

  3. 3 Posted by Tom Freeman on 31 Dec, 2017 08:49 PM

    Tom Freeman's Avatar

    I apologize fort the delay in this. Which version of MD are you using? Help > about MD

    Can i get a screen shot of the register please. And a screen shot of the securities detail window for this CD.

    Tom Freeman
    Infinite Kind Support

  4. System closed this discussion on 01 Apr, 2018 08:50 PM.

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