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#1675958 - 03/09/12 10:29 PM Periodic statement
rebpeb Offline
Junior Member
Joined: May 2011
Posts: 44
On tiered rate checking accounts, should all rates and APYs be disclosed on the monthly statement

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Deposits and Payments
#1675974 - 03/09/12 11:00 PM Re: Periodic statement rebpeb
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
No, just the APY for that period.
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#1676055 - 03/11/12 05:38 PM Re: Periodic statement rebpeb
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
The APY earned ignores the tiers and advertised APYs and is calculated based on the interest earned and the average balance for the period.
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