We have a CD at a rate of 1.00% which yields 1.00% due to how we calculate CD interest. On our TISA disclosure, the APY is displaying as 1.01% We are told this is a system limitation and there is a variance allowed by Regulation?? I do not think we should disclose 1.01% as the yield when it is actually 1.00% Has anyone ever heard of this variance with Truth in Savings?
Last edited by bluesky; 01/22/15 04:30 PM.