Specifications include, but are not limited to: A.Proposersshould provide the Collegethe interest rates proposed on time deposits and demand deposits as requested in RFP Form 1,anda narrative describingthe various banking services their institution offers. Include any and all online services that will be available to the College.B.The College desires to earn maximum value on its funds. If accounts are non-interest bearing, the College wants the option to use an automated, daily sweep to a money market mutual fund or Depository alternative account (if competitive) to reach its full investment goal.The College maintains approximately 16 accounts which include, 1 General Fund,1 Payroll Account, 1 Debt Service Account, 3 Bond Proceed Accounts, 1 Endowment Account, 1 Agency Fund Account, 1 Scholarship Fund Account, 1 Restricted Grants Account,4 Special Purpose Accounts, and 2 Plant Fund Accounts. The Depository shall clearly describe the Depository’s most effective account structure(interest bearing accounts, ZBA accounts, or sweep, etc.).1.Fully describe the account structure. Is interest distributed at the account level?2.State the average interest rate on the recommended alternative structure for the past twelve months?The College may be required or may desire to open additional accounts, close accounts, or change account types during the contract period. If this occurs, the new accounts and services shall be charged at the same contracted amount or, if unanticipated, at no more than published rates.C.The College requires automated balance and detail information reporting.Minimumautomated services shall include:•Prior day summary and detail balance reporting on all accounts,•Intra-day detail and summary balances on all accounts,•Initiation and monitoring of stop pays,•Initiation and monitoring of internal wire transfers, EFTs, and•Image access.Please address the following items in detail:1.Fully describe the Depository’s on-line services. List the system capabilities (i.e. balance reporting, wires, positive pay, stop pay, etc.).2.What is the Depository’s back-up process to provide balance reporting and transactions in case of system non-availability?3.When is daily balance information available?4.How are individual security sign-ons assigned and who maintains the security module? How many levels of security are available?