Answer:
230.3(e) Oral response to inquiries. In an oral response to a consumer's inquiry about interest rates payable on its accounts, the depository institution shall state the annual percentage yield. The interest rate may be stated in addition to the annual percentage yield. No other rate may be stated.
There is no requirement to state either one of them first if you choose to disclose the interest rate in addition to the APY, but the APY must always be stated.
First published on BankersOnline.com 5/2/11