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#615788 - 09/20/06 07:50 PM Advertising
Allyse Offline
Member
Joined: Aug 2006
Posts: 51
If an ad states 2 deposit rates for separate products - isn't true they need to be the same size? I am looking for this in Reg. DD and cannot easily locate it. Thanks

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Deposits and Payments
#615789 - 09/21/06 03:49 AM Re: Advertising
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,350
Galveston, TX
If you are talking about two separate products - there is no such requirement.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#615790 - 09/21/06 01:52 PM Re: Advertising
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,749
On the Net
The rule is that if you state an interest rate, it may not be more prominent than the state APY. You could list two IBAs and have one more predominant than the other so long as it isn't misleading and appears that it is somehow connected to the other account. Say if you listed a high rate MMDA APY, but put it next to the savings product description that was paying 3% less. But that is a different issue.
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AndyZ CRCM
My opinions are not necessarily my employers.
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Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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