Should the cost of gifts given for opening a deposit account be included in the calculation of the deposit rate?

Compliance > Deposits > Brokered Deposits
Q:  Should the cost of gifts given for opening a deposit account be included in the calculation of the deposit rate?
 
A:    Yes. The rate used should include incentives provided to the customer, including the value of any gifts or cash incentives.
 

This can be found in FDIC’s FAQs on Brokered Deposits, which can be found at https://www.fdic.gov/news/news/financial/2015/fil15002a.pdf

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