The Interest Rate Described in Consumer Deposit Account Disclosures Is

Written By Nicole_Fleming Monday, April 25, 2022 Add Comment Edit

The Account is not a prepaid account or a credit product. The annual percentage yield and the interest rate using those terms and for fixed-rate accounts the period of time the interest rate will be in effect.

What Is Apy And How Is It Calculated Ally

ABOUT YOUR ACCOUNT.

. Effective as of. I Annual percentage yield and interest rate. Account disclosures shall include the following as applicable.

Interest Rates and Annual Percentage Yields APY. You will not receive any interest on the funds in your Account. Your Account is a demand deposit account.

However your Certificate of Deposit account may not exceed 1000000. A notice is not required for an increase in fees for printing checks or deposit and withdrawal slips even if the institution adds some amount to the price charged by. 1 Maturities of longer than one year.

Transfers made to or from the Account may be made electronically. CD Account Certificate of Deposit Account Interest Rates and Annual Percentage Yields. B Content of account disclosures.

If the maturity is longer than one year the institution shall provide account disclosures set forth in 10304b of this part for the new account along with the date the existing account matures. Initial Deposit Requirement. The Consumer Account Fee and Information Schedule Consumer Schedule or Thank you for doing business with us This Deposit Account Agreement applies to new and existing consumer and business accounts and together with the following documents is your contract with Wells Fargo and constitutes the Agreement that governs your account with Wells Fargo.

The expiration of one year in a promotion described in the account opening disclosures to waive 400 monthly service charges for one year a2 No notice required. A2ii Check printing fees. If the interest rate and annual percentage yield that will be paid for the new account are unknown when disclosures are provided the institution shall.

This Account is not designated for business use and we may close your Account if we. There is no minimum deposit required to open or maintain a Certificate of Deposit account.