Pricing Groups

Pricing Groups enable your institution to manage dividend rates across multiple accounts more efficiently. Rather than updating rates for each account individually (or en masse), you can organize accounts into groups and, in a single update, apply rate changes to each account within a group. This functionality eliminates manual account-by-account rate updates, while ensuring you can maintain a targeted rate strategy through a solution that scales with your account volume.

Please see below for specific instructions on how to create, manage, and edit Pricing Groups:

Create a Pricing Group: Creating pricing groups is a straightforward process that will enable seamless rate management across multiple accounts:

Navigate to Sweep Program - Manage Program - Create Pricing Group in the Admin Portal
Provide a Group Name that clearly identifies the rate structure (e.g., “Retail Checking,” “Nonprofit MMDA”)
Optionally, add a Group Description to provide additional context for your team
Select the Rate Type between Fixed Rate, Floating Rate, and Tiered Rate (more detail here https://resources.modernfi.com/docs/setting-account-interest-rates)

Add an Existing Account to a Pricing Group: The Pricing Group’s rate structure will be immediately applied to all accounts added to a Pricing Group. Any changes made to the Pricing Group will automatically impact all accounts in the group.

Navigate to Sweep Program - Pricing Groups to view all of your existing Pricing Groups
Hover your mouse over the Pricing Group you wish to add an account to, and select the Add Accounts button (+ icon)
From the dropdown, select each of the accounts that you wish to add to the Pricing Group and press Submit

Note: This will reassign any accounts already .

Remove an Account from a Pricing Group

Navigate to Sweep Program - Pricing Groups to view all of your existing Pricing Groups
Hover your mouse over the Pricing Group you wish to add an account to, and select the Remove Accounts button (- icon)
From the dropdown, select each of the accounts that you wish to remove from the Pricing Group and press Submit

Note: Once an account is removed, its rate will need to be managed individually or it can be added to another Pricing Group

Add a New Account to a Pricing Group: New accounts can be assigned to a pricing group during the account opening flow.

Navigate to Sweep Program - Manage Program - Add Single Account
Fill out account details as you would normally (see additional information here: https://resources.modernfi.com/docs/adding-an-account)
Under Select Rate Structure, select Pricing Group
The Pricing Group field should then populate. From the dropdown, select your Pricing Group you would like to add the new account to.
Complete and submit the rest of the form

Note: A Pricing Group must be created for this option to become available

Edit the Rate of a Pricing Group: Managing the rate structure of a Pricing Group provides a streamlined way to manage rates across multiple accounts.

Navigate to Sweep Program - Pricing Groups to view all of your existing Pricing Groups
Hover your mouse over the Pricing Group you wish to add an account to, and select the Edit Rates button (% icon)
Select your desired Rate Structure and Account Interest Rate, which will be applied against each account in the group

Edit Name & Description of a Pricing Group Edit the names and descriptions of groups to ensure they remain accurate and distinct for easy team management.

Navigate to Sweep Program - Pricing Groups to view all of your existing Pricing Groups
Click into the name or description of any groups to directly edit either field.

Note that duplicate Group Names will result in an error.

Delete Pricing Groups Once each account is removed from a Pricing Group, you can remove it to maintain a clean and simple dashboard.

Navigate to Sweep Program - Pricing Groups to view all of your existing Pricing Groups
Hover your mouse over the Pricing Group you wish to add an account to, and select the Delete Group button
Press Submit to delete the group