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#1067238 - 10/20/08 04:51 PM Checking for APY violations
Cale_N_Oats Offline
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Cale_N_Oats
Joined: Aug 2008
Posts: 742
Southern Illinois
If am i am checking our CD's for APY violations and we offer compounding on CD's semiannually, and monthly do i have to check if they are in violation on both methods of compounding?
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#1067251 - 10/20/08 05:01 PM Re: Checking for APY violations Cale_N_Oats
Skittles Online
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Skittles
Joined: Sep 2002
Posts: 13,965
TN
If you are talking about 2 different products I certainly would.
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#1067258 - 10/20/08 05:06 PM Re: Checking for APY violations Skittles
Cale_N_Oats Offline
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Cale_N_Oats
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Posts: 742
Southern Illinois
Well see im not sure if they are different products because they can have an 11 month CD but the CSR's told me the customer can pick the method of compounding.

P.S. I am VERY new to banking
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#1067259 - 10/20/08 05:07 PM Re: Checking for APY violations Cale_N_Oats
Cale_N_Oats Offline
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Cale_N_Oats
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Posts: 742
Southern Illinois
I am assuming i should since any violation on any method of compounding is a violation, period.
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