Following up on the comment about posting deposit rate information on board [in this case an electronic sign which has a limitation on the number of alpha numeric characters]...is it legal to post the rate in the following manner, for example,
"9 Month CD Special 1.15 APY" ? Is there any law that says "APY" must be spelled out as "Annual Percentage Yield"?
Thank you. I do not work the deposit side of the bank, and I am asking on behalf of someone who does and who takes care of our electronic sign.
"When you believe He's all you need,that will be your defining moment." [from "Defining Moment" Newsong, Sheltering Tree CD]