Methods and Systems for Customer Incentive Awards

Abstract

Methods and systems for generating customer incentive awards involve receiving, using a processor coupled to memory, information regarding a balance of a deposit account, such as a savings account, of at least one customer for determination of an award amount related to a loan account of the customer. Using the processor, the award amount may be computed based on at least in part on the balance of the deposit account and at least in part on an interest rate of the loan account of the customer. Thereafter, likewise using the processor, the award amount may be applied to an account designated by the customer, such as a mortgage loan account of the customer.

1 - 25 . (canceled) 
     
     
         26 . A method of generating customer incentive awards, comprising:
 receiving, using a processor, information regarding a balance of an interest-bearing deposit account of at least one customer for determination of an award amount related to a loan account of the at least one customer;   computing, using the processor, the award amount based at least in part on the balance of the interest-bearing deposit account that is equal to or less than a pre-determined percentage of a balance of the loan account and at least in part on an interest rate of the loan account of the at least one customer; and   applying, using the processor, the award amount to an account designated by the at least one customer.   
     
     
         27 . The method of  claim 26 , wherein receiving the information regarding the balance of the interest-bearing deposit account further comprises receiving information regarding the balance of an interest-bearing deposit account of the at least one customer having no restrictions on withdrawals. 
     
     
         28 . The method of  claim 26 , wherein receiving the information regarding the balance of the interest-bearing deposit account further comprises receiving information regarding a balance of the interest-bearing savings account of the at least one customer. 
     
     
         29 . The method of  claim 28 , wherein receiving the information regarding the balance of the interest-bearing savings account further comprises receiving the information regarding the balance of a financial institution day-to-day interest-bearing savings account of the at least one customer. 
     
     
         30 . The method of  claim 26 , wherein receiving the information regarding the balance of the interest-bearing deposit account further comprises receiving information regarding the balance of the interest-bearing deposit account of the at least one customer that is equal to or greater than a pre-determined percentage of a balance of the loan account of the at least one customer. 
     
     
         31 . The method of  claim 30 , wherein receiving the information regarding the balance of the interest-bearing deposit account that is equal to or greater than a pre-determined percentage of the balance of the loan account further comprises receiving the information regarding the balance of the interest-bearing deposit account of the at least one customer that is equal to or greater than the pre-determined percentage of an original balance of the loan account of the at least one customer. 
     
     
         32 . The method of  claim 26 , wherein receiving the information regarding the balance of the interest-bearing deposit account further comprises receiving the information regarding an average monthly balance of the interest-bearing deposit account of the at least one customer. 
     
     
         33 . The method of  claim 26 , wherein receiving the information for determination of the award amount related to the loan account of the at least one customer further comprises receiving the information for determination of an award amount related to a mortgage loan account of the at least one customer. 
     
     
         34 . The method of  claim 26 , wherein computing the award amount based at least in part on the balance of the interest-bearing deposit account further comprises computing the award amount based at least in part on an average monthly balance of the interest-bearing deposit account of the at least one customer. 
     
     
         35 . The method of  claim 26 , wherein computing the award amount based at least in part on the interest rate of the loan account further comprises computing the award amount based at least in part on the interest rate of a mortgage loan account of the at least one customer. 
     
     
         36 . The method of  claim 26 , wherein computing the award amount further comprises computing the award amount as an amount equal to one-twelfth of a product of the balance of the interest-bearing deposit account of the at least one customer multiplied by the interest rate of the loan account of the at least one customer 
     
     
         37 . The method of  claim 36 , wherein computing the award amount further comprises computing the award amount as an amount equal to one-twelfth of the product of the balance of the interest-bearing deposit account multiplied by a current interest rate of the loan account of the at least one customer 
     
     
         38 . The method of  claim 26 , wherein applying the award amount to the account designated by the at least one customer further comprises applying the award amount to an outstanding principal balance of the loan account of the at least one customer. 
     
     
         39 . The method of  claim 38 , wherein applying the award amount to the outstanding principal balance of the loan account further comprises applying the award amount to the current outstanding principal balance of a mortgage loan account of the at least one customer. 
     
     
         40 . The method of  claim 39 , wherein applying the award amount to the current outstanding principal balance of the mortgage loan account further comprises applying the award amount to the current outstanding principal balance of a fixed rate mortgage loan account of the at least one customer. 
     
     
         41 . The method of  claim 39 , wherein applying the award amount to the current outstanding principal balance of the mortgage loan account of the at least one customer further comprises applying the award amount to the current outstanding principal balance of an adjustable rate mortgage loan account of the at least one customer. 
     
     
         42 . The method of  claim 39 , wherein applying the award amount to the current outstanding principal balance of the mortgage loan account of the at least one customer further comprises applying the award amount to the outstanding principal balance of an amortizing loan account of the at least one customer without affecting periodic payments of principal and interest due under an amortization of an original amortizing loan amount. 
     
     
         43 . The method of  claim 42 , wherein applying the award amount to the outstanding principal balance of the amortizing loan account further comprises applying the award amount to the outstanding principal balance of the amortizing mortgage loan account of the at least one customer without affecting periodic monthly installments of principal and interest due under the amortization of the original mortgage loan amount until fully paid. 
     
     
         44 . The method of  claim 26 , wherein applying the award amount to the account designated by the at least one customer further comprises applying the award amount as a principal curtailment of a mortgage loan account balance of the at least one customer. 
     
     
         45 . The method of  claim 26 , wherein applying the award amount to the account designated by the at least one customer further comprises applying the award amount to a mortgage savings account of the at least one customer. 
     
     
         46 . The method of  claim 26 , wherein applying the award amount to the account designated by the at least one customer further comprises applying the award amount to an education savings account plan of the at least one customer. 
     
     
         47 . The method of  claim 26 , wherein applying the award amount to the account designated by the at least one customer further comprises applying the award amount to a charge card savings account of the at least one customer. 
     
     
         48 . The method of  claim 26 , wherein applying the award amount to the account designated by the at least one customer further comprises applying the award amount to a retirement savings account of the at least one customer. 
     
     
         49 . A machine for generating customer incentive awards, comprising:
 a processor coupled to memory, the processor configured to: receive information regarding a balance of an interest-bearing deposit account of at least one customer for determination of an award amount related to a loan account of the at least one customer;   compute the award amount based at least in part on the balance of the interest-bearing deposit account that is equal to or less than a pre-determined percentage of a balance of the loan account and at least in part on an interest rate of the loan account of the at least one customer; and   apply the award amount to an account designated by the at least one customer.