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#2173001 - 04/11/18 04:42 PM Variable Rate IRA - Notice when rate changes
Snowgirl Offline
Platinum Poster
Joined: Sep 2003
Posts: 729
Do you have to send out a notice every time the rate changes on an 18-month variable rate IRA?

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#2173003 - 04/11/18 04:44 PM Re: Variable Rate IRA - Notice when rate changes Snowgirl
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Not if you told them in the initial disclosure that the rate can change.
_________________________
David Dickinson
http://www.bankerscompliance.com

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#2173319 - 04/13/18 10:25 AM Re: Variable Rate IRA - Notice when rate changes Snowgirl
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
The fact that the time deposit is owned by an IRA has no impact on any such notice requirement.
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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