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#1444844 - 09/17/10 05:21 PM lower int. rate on time account
Kahola Offline
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Kahola
Joined: May 2001
Posts: 712
Scottsdale, AZ. 85255
Can a bank lower the interest rate on a time account before it matures?

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Deposits and Payments
#1444894 - 09/17/10 06:05 PM Re: lower int. rate on time account Kahola
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 84,333
Galveston, TX
Not normally.
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#1444943 - 09/17/10 06:56 PM Re: lower int. rate on time account rlcarey
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,763
On the Net
If it isn't a variable rate to start with, where would your authority come from to do this?
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AndyZ CRCM
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#1445014 - 09/17/10 08:05 PM Re: lower int. rate on time account Andy_Z
Kahola Offline
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Kahola
Joined: May 2001
Posts: 712
Scottsdale, AZ. 85255
Thanks. I didn't think so but I had to prove this to a fellow employee.

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