While John is correct, of course, on all these points. this is often a "risk" issue for many banks. Driving around my area I see marquees/readerboards which don't quite make the all the requirements almost every day. It's probably something only a Compliance Officer would notice. Usually the APY is not written out, but the term, APY (to two decimals), and minimum deposit are included. While technically in violation of the reg, I haven't heard of this being a big issue, except in print ads.
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