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Are Notices Required When CDs Compound?

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Question: 
Are notices required on CDs when they compound? What Regs apply to it?
Answer: 

No such notices are required. What is required, depending on the initial term of the CD account, is a pre-maturity notice that will include certain information about how the CD will or won't automatically renew.

First published on BankersOnline.com 9/15/08

First published on 09/15/2008

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