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#1220871 - 07/22/09 10:18 PM Money Market Accounts
MyScamper Offline
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Joined: May 2006
Posts: 452
Between here and there
We currently have only 1 tier on our MMAs and are contemplating adding at least one more tier. Initially, both tiers will have the same interest rate. Then at some point down the (short) road, the rate on the lower tier will be reduced. Do we have to send out a 30-day notice to all MMA account holders of the change in tiers?

Thanks.

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Deposits and Payments
#1220914 - 07/23/09 12:36 AM Re: Money Market Accounts MyScamper
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
Moving an account from a non-tiered to a tiered interest rate structure requires a 30-day advance notice.
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#1221131 - 07/23/09 02:30 PM Re: Money Market Accounts rlcarey
MyScamper Offline
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Joined: May 2006
Posts: 452
Between here and there
That was my thought. Thanks.

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