{"data":{"id":"us-ca/fin-1410","jurisdiction":"us-ca","citation":"FIN § 1410","heading":"","body":"(a) No bank shall impose any charge on a savings account or on a depositor for the failure of a depositor to deposit, or for the late deposit of, any agreed periodic installment deposit into that account. A bank shall pay interest on savings accounts as to which a depositor has agreed to make periodic installment deposits at a rate of interest per annum that is not less than the lowest rate paid on other types of savings deposits.\n(b) As used in this section “savings account” means a Christmas club account, a vacation club account, or other similar periodic installment deposit account maintained by a natural person, irrespective of its classification as a savings deposit or time deposit open account for purposes of state or federal law or regulations.","path":["Financial Code - FIN","DIVISION 1.1. BANKING [1000. - 1910.]","CHAPTER 12. Deposits [1400. - 1440.]","ARTICLE 1. Depositors [1400. - 1415.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"245c4f3e49242a4a13a700b79fa88e0e1cffaa04099394eb1293a5df2bda5add","source_id":"us-ca","stale":false,"prev":"us-ca/fin-1409","next":"us-ca/fin-1411"},"notice":"GroundRules: Original legal text. Not legal advice."}