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#1580576 - 07/20/11 07:00 PM Grandfathered accounts, interest rates, and websit
ecrew,CRCM Offline
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ecrew,CRCM
Joined: Apr 2010
Posts: 204
Fl
We are introducing a couple of new poducts and grandfathering 1 account. This grandfathered account earns interest, question is do we need to post the interest on our website with our current rates?
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eBanking / Technology
#1580598 - 07/20/11 07:16 PM Re: Grandfathered accounts, interest rates, and websit ecrew,CRCM
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,365
Illinois
There is no need or requirement to advertise an account that you are not offering to new customers. You must continue to disclose the appropriate annual percentage yield and interest earned on the periodic statements for those who still maintain this account type.
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#1580620 - 07/20/11 07:44 PM Re: Grandfathered accounts, interest rates, and websit BrianC
ecrew,CRCM Offline
100 Club
ecrew,CRCM
Joined: Apr 2010
Posts: 204
Fl
Thank you.
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