Information Required From Institutions - SAVING TIPS
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SAVING TIPS: Information required from institutions
The Truth in Savings Act, a federal law, requires depository institutions to provide you with--or disclose to you--the important terms of their consumer deposit accounts. Institutions must tell you: The annual percentage yield and interest rate; Cost information, such as fees that may be charged; and Information about other features such as any minimum balance amount required to earn interest or to avoid fees. To help you shop for the best accounts, an institution must give you information about any consumer deposit account the institution offers, if you ask f or it. You also will usually get disclosures before you actually open an account. In addition, the Truth in Savings Act generally requires that interest and fee information be provided on any periodic statements sent to you. And if you have a roll-over CD that is longer than one month, the law requires also that you get a renewal notice before the CD matures.
ADDITIONAL SAVING TIPS RELATED FACTS
Save On Homeowner/renter InsuranceSave On Telephone ServiceBank CheckingFirst Mortgage LoansFinancing Your New Car
Purchasing A New CarInformation Required From Institutions| Find Credit Facts |
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