Advertising APY Of Tiered Deposit Product
Answer by David Dickinson, BOL Guru BIO AND CONTACT INFO
Question: When advertising a tiered deposit product, can we promote the highest tier APY in the body of the ad and then disclose all of the tiers APY at the bottom?
Answer: Yes, this is permissible. Reg DD requires that you give the APY and minimum balance for each tier, but it doesn't require it to be the same size, font, etc.
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