How are accounts with uncommon features or restrictions handled when determining the effective yield?

Compliance > Deposits > Brokered Deposits
Q:  How are accounts with uncommon features or restrictions handled when determining the effective yield?
 
A:    The regulations allow the segregation of savings accounts, NOW accounts and MMDAs for evaluation purposes. However, accounts cannot be segregated based on special features or restrictions.
 

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

Add Feedback