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Disclosure of Interest (Banks) Regulations

Version of section 4 from 2006-03-22 to 2009-02-11:


 Where there is a change in the rate of interest, or in the manner of calculating the amount of interest, that is applicable to a deposit account, the bank shall disclose the changes by means of

  • (a) a written statement delivered to the person in whose name the account is maintained;

  • (b) a written statement copies of which are available and displayed in each branch of the bank where such accounts are kept; or

  • (c) a general notice that is displayed in each branch of the bank where such accounts are kept.


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