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Advertising CD Yields and Interest Rate

Answered by: 
John Burnett

Question: 
When quoting CD/Deposit yields and interest rates, is there an order required? Yield first, then rate?
Answer: 

Either order is fine, as long as the interest rate is not made more conspicuous than the annual percentage yield. By the way, never use the term "yield" when "annual percentage yield" is required.

First published on BankersOnline.com 5/2/11

First published on 05/02/2011

Filed under: 
Operations
Filed under operations as: 
Interest
Interest Rate

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