Is it required to produce and give a customer who has opened an interest bearing account a handout disclosing the rate and APY? There is a rate board displayed in the branch. Don't know the answer.

Sec. 1030.3 General disclosure requirements.

(a) Form. Depository institutions shall make the disclosures required by §§ 1030.4 through 1030.6 of this part, as applicable, clearly and conspicuously, in writing, and in a form the consumer may keep.

Yes, you need to give them a copy unless they can keep the rate board.

"Yes, you need to give them a copy unless they can keep the rate board."

HA! Just had a funny mental picture.

Can we send the board with them since our staff appears to have difficulty keeping it up to date correctly?