Periodic statement

Posted By: rebpeb

Periodic statement - 03/09/12 10:29 PM

On tiered rate checking accounts, should all rates and APYs be disclosed on the monthly statement
Posted By: rlcarey

Re: Periodic statement - 03/09/12 11:00 PM

No, just the APY for that period.
Posted By: John Burnett

Re: Periodic statement - 03/11/12 05:38 PM

The APY earned ignores the tiers and advertised APYs and is calculated based on the interest earned and the average balance for the period.