Skip to content
 

MMA - Interest Paid Quarterly?

Question: 
Can we establish a money market account that pays interest quarterly?
Answer: 

Sure. No regulation requires you to pay interest monthly. TISA (Reg DD) requires you to tell the consumer when interest will be compounded and when it will be credited, but you can choose the frequency.

First published on BankersOnline.com 12/17/07

First published on 12/17/2007

Filed under: 
Operations
Filed under operations as: 
Interest
IT
TISA

Report a problem with this page

Search Topics