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#2184525 - 07/09/18 04:26 PM Higher rate on savings with auto transfer?
NoJustNo Offline
100 Club
Joined: Oct 2013
Posts: 221
Midwest
Let's say a savings account has an interest rate of 0.25%. If acustomer signs up for a monthly auto transfer from checking to savings and we'll increase that rate to .45% - would this be disclosed on the TISA disclosure?

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Deposits and Payments
#2186054 - 07/19/18 03:23 PM Re: Higher rate on savings with auto transfer? NoJustNo
NoJustNo Offline
100 Club
Joined: Oct 2013
Posts: 221
Midwest
Bump... anyone?

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#2186162 - 07/19/18 08:05 PM Re: Higher rate on savings with auto transfer? NoJustNo
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,763
Central City, NE
Yes. You have to explain how rates can change. See §1030.4(b)(1)(ii).
_________________________
David Dickinson
http://www.bankerscompliance.com

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