Skip to content
Thread Options
#1675958 - 03/09/12 10:29 PM Periodic statement
rebpeb Offline
Junior Member
Joined: May 2011
Posts: 44
On tiered rate checking accounts, should all rates and APYs be disclosed on the monthly statement

Return to Top
Deposits and Payments
#1675974 - 03/09/12 11:00 PM Re: Periodic statement rebpeb
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 79,893
Galveston, TX
No, just the APY for that period.
The opinions expressed here should not be construed to be those of my employer:

Return to Top
#1676055 - 03/11/12 05:38 PM Re: Periodic statement rebpeb
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,785
Cape Cod
The APY earned ignores the tiers and advertised APYs and is calculated based on the interest earned and the average balance for the period.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  John Burnett