"Receive an additional 0.25% when you open a CD."
This is the statement that we are going to use in a radio advertisement. This "bonus" will be available on any CD that the customer opens and we offer an array of them (3 months to 5 years). Since the "bonus" will be given on any CD that the customer opens, we will not state the APY on any one specific CD.
What type of disclosures do we need for this type of advertisement?
Any guidance on this topic is greatly appreciated!
Thank you,
Diana
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