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#20932 - 06/17/02 05:12 PM Raise minimum balance for accual of interest
nwhitt Offline
New Poster
nwhitt
Joined: Feb 2002
Posts: 5
Emporia, Kansas, USA
We are considering raising the minimum balance for accual of interest on our Money Market accounts to $1,000. Would be have to send out notification (disclosure) to all these customers before beginning this change?

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Operations Compliance
#20933 - 06/17/02 06:39 PM Re: Raise minimum balance for accual of interest
Ted Dreyer Offline
Diamond Poster
Ted Dreyer
Joined: Apr 2001
Posts: 2,245
Yes. [see 12 CFR 230.5(a)]

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