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#696228 - 03/05/07 03:03 PM Maximum Balance to Earn Interest
Steelhead Offline
New Poster
Joined: Nov 2006
Posts: 1
Great Lakes Region
Would the follow practice be prohibited by Reg. DD? An account that pay interest on balances up to a maximum dollar amount, and that interest will not be paid on the amount of the deposit that exeeds the maximum threshold, and these terms are clearly disclosed.

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#696236 - 03/05/07 03:12 PM Re: Maximum Balance to Earn Interest Steelhead
Jokerman Offline
10K Club
Joined: Nov 2003
Posts: 12,846
My understanding is that so long as you disclose the tiers in your advertising and TIS in compliance with Reg DD, it's ok.

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