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#84427 - 06/02/03 08:49 PM TIS fixed vs. variable
Johncrcm Offline
100 Club
Joined: Dec 2002
Posts: 195
Eastern KY
If the TIS disclosure provides a statement describing a money market account that "at our descretion, we may change the interest rate on the account daily."
Am I correct in thinking that technically the account that is being described is by definition a variable rate account?
Another stupid Q but it is nearly 5PM and this gives me an excuse.

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Operations Compliance
#84428 - 06/02/03 09:05 PM Re: TIS fixed vs. variable
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
Yes, that is a variable rate account disclosure.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#84429 - 06/02/03 09:40 PM Re: TIS fixed vs. variable
Johncrcm Offline
100 Club
Joined: Dec 2002
Posts: 195
Eastern KY
Thanks, I look at too many of these new set up of the account software and I begin questioning myself

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