Skip to content
BOL Conferences
Learn More - Click Here!

New Reply Thread Options
#2188869 - 08/13/18 03:47 PM Certificate rates
Anonymous
Unregistered

What is the correct way to quote a certificate of deposit rate to a customer?

Return to Top Reply Quote Quick Reply Quick Quote
#2188875 - 08/13/18 04:15 PM Re: Certificate rates Anonymous
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
1030.3(e) Oral response to inquiries. In an oral response to a consumer's inquiry about interest rates payable on its accounts, the depository institution shall state the annual percentage yield. The interest rate may be stated in addition to the annual percentage yield. No other rate may be stated.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top Reply Quote Quick Reply Quick Quote
Quick Reply:
HTML is disabled
UBBCode is enabled




Moderator:  MagicCity, P*Q, Truffle Royale