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#2228149 - 01/02/20 04:58 PM Deposit Rate Bump
M&M Offline
Platinum Poster
Joined: Nov 2003
Posts: 530
Midwest
We provide a 0.25% rate bump on CD's for our customers in a specific product. We are going to take away this benefit, which does have a negative impact, but does this require a 30-day advance notice under Reg DD?

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Deposits and Payments
#2228159 - 01/02/20 06:05 PM Re: Deposit Rate Bump M&M
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
How and where was this originally disclosed? This sounds like more of a contractual issue rather than a DD issue. You need to look at your depositor's agreement for how you go about changing the terms and conditions of the account.
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