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In Response To:
Thread Starter: Anonymous
Title: Re: Reg DD and APY disclosures

I know Reg DD applies to consumers but I just want to confirm two things:

1. Is there any regulation that requires the APY for commercial and Business Accts. (I would say no)

2. Is it ok for the bank to state APY on the business commercial accts. (I would say yes)

I know these probably are stupid questions but this is what my home office from another country is asking and they want us to confirm.

Thanks