Our institution is well into the process of merging with another. Previously we offered an IRA savings account that now will be converted over to a 1-year auto-renew IRA. Based on what I understand from TIS, we must disclose the new terms and conditions, but must we disclose the exact maturity date for the new product? I believe we do, but want some clarification from a peer.

Also, are there any rules in regards to the IRA itself? I cannot find much on change of terms conditions.

Has anyone else gone through this type of change before?