savings account - payment of interest required?

Posted By: Tryin-2-Comply

savings account - payment of interest required? - 04/10/10 07:11 PM

I've been reviewing REG D and the definition of a savings account - however, i have not been able to find a requirement to pay interest on a savings account. is there a such type of account: Non-interest bearing savings account?

Any thoughts are appreciated.
Posted By: rlcarey

Re: savings account - payment of interest required? - 04/11/10 01:02 PM

There is no regulatory requirement to pay interest on a savings account.