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#1372440 - 04/10/10 07:11 PM savings account - payment of interest required?
Tryin-2-Comply Offline
100 Club
Joined: Apr 2003
Posts: 202
Hills of TN
I've been reviewing REG D and the definition of a savings account - however, i have not been able to find a requirement to pay interest on a savings account. is there a such type of account: Non-interest bearing savings account?

Any thoughts are appreciated.

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#1372450 - 04/11/10 01:02 PM Re: savings account - payment of interest required? Tryin-2-Comply
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,931
Galveston, TX
There is no regulatory requirement to pay interest on a savings account.
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