From Reg CC Commentary:
"Section 229.16 Specific Availability Policy Disclosure
A. 229.16(a) General
1. This section describes the information that must be disclosed by banks to comply with ยงยง229.17 and 229.18(d), which require that banks furnish notices of their specific policy regarding availability of deposited funds. The disclosure provided by a bank must reflect the availability policy followed by the bank in most cases, even though a bank may in some cases make funds available sooner or impose a longer delay."
With regard to your new account notice, I would use "may" instead of "will" if you do not routinely apply the new account hold.
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