{"data":{"id":"us/12-cfr-appendix-b-to-part-1030","jurisdiction":"us","citation":"12 CFR Appendix B to Part 1030","heading":"Appendix B to Part 1030—Model Clauses and Sample Forms","body":"Table of Contents\nB-1—Model Clauses for Account Disclosures (Section 1030.4(b))\nB-2—Model Clauses for Change in Terms (Section 1030.5(a))\nB-3—Model Clauses for Pre-Maturity Notices for Time Accounts (Section 1030.5(b)(2) and 1030.5(d))\nB-4—Sample Form (Multiple Accounts)\nB-5—Sample Form (Now Account)\nB-6—Sample Form (Tiered Rate Money Market Account)\nB-7—Sample Form (Certificate of Deposit)\nB-8—Sample Form (Certificate of Deposit Advertisement)\nB-9—Sample Form (Money Market Account Advertisement)\nB-10—Sample Form (Aggregate Overdraft and Returned Item Fees)\nB-1—Model Clauses for Account Disclosures\n(a) Rate Information\n(i) Fixed-Rate Accounts\nThe interest rate on your account is ____% with an annual percentage yield of ____%. You will be paid this rate [for (time period)/until (date)/for at least 30 calendar days].\n(ii) Variable-Rate Accounts\nThe interest rate on your account is ____% with an annual percentage yield of ____%.\nYour interest rate and annual percentage yield may change.\nDetermination of Rate\nThe interest rate on your account is based on (name of index) [plus/minus a margin of ____]; or\nAt our discretion, we may change the interest rate on your account.\nFrequency of Rate Changes\nWe may change the interest rate on your account [every (time period)/at any time].\nLimitations on Rate Changes\nThe interest rate for your account will never change by more than ____% each (time period).\nThe interest rate will never be [less/more] than ____%; or\nThe interest rate will never [exceed____% above/drop more than ____% below] the interest rate initially disclosed to you.\n(iii) Stepped-Rate Accounts\nThe initial interest rate for your account is ____%. You will be paid this rate [for (time period)/until (date)]. After that time, the interest rate for your account will be ____%, and you will be paid this rate [for (time period)/until (date)]. The annual percentage yield for your account is ____%.\n(iv) Tiered-Rate Accounts\nTiering Method A\n• If your [daily balance/average daily balance] is $____ or more, the interest rate paid on the entire balance in your account will be ____% with an annual percentage yield of __%.\n• If your [daily balance/average daily balance] is more than $____, but less than $____, the interest rate paid on the entire balance in your account will be ____% with an annual percentage yield of ____%.\n• If your [daily balance/average daily balance] is $____ or less, the interest rate paid on the entire balance will be ____% with an annual percentage yield of ____%.\nTiering Method B\n• An interest rate of ____% will be paid only for that portion of your [daily balance/average daily balance] that is greater than $____. The annual percentage yield for this tier will range from ____% to ____%, depending on the balance in the account.\n• An interest rate of ____% will be paid only for that portion of your [daily balance/average daily balance] that is greater than $____. The annual percentage yield for this tier will range from ____% to ____%, depending on the balance in the account.\n• If your [daily balance/average daily balance] is $____ or less, the interest rate paid on the entire balance will be ____% with an annual percentage yield of ____%.\n(b) Compounding and Crediting\n(i) Frequency\nInterest will be compounded [on a ____ basis/every (time period)]. Interest will be credited to your account [on a ____ basis/every (time period)].\n(ii) Effect of Closing an Account\nIf you close your account before interest is credited, you will not receive the accrued interest.\n(c) Minimum Balance Requirements\n(i) To Open the Account\nYou must deposit $____ to open this account.\n(ii) To Avoid Imposition of Fees\nA minimum balance fee of $____ will be imposed every (time period) if the balance in the account falls below $____ any day of the (time period).\nA minimum balance fee of $____ will be imposed every (time period) if the average daily balance for the (time period) falls below $____. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.\n(iii) To Obtain the Annual Percentage Yield Disclosed\nYou must maintain a minimum balance of $____ in the account each day to obtain the disclosed annual percentage yield.\nYou must maintain a minimum average daily balance of $____ to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.\n(d) Balance Computation Method\n(i) Daily Balance Method\nWe use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.\n(ii) Average Daily Balance Method\nWe use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.\n(e) Accrual of Interest on Noncash Deposits\nInterest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks); or\nInterest begins to accrue on the business day you deposit noncash items (for example, checks).\n(f) Fees\nThe following fees may be assessed against your account:\n____$____\n____$____\n____$____\n____(conditions for imposing fee) $____\n____% of ____.\n(g) Transaction Limitations\nThe minimum amount you may [withdraw/write a check for] is $____.\nYou may make ____ [deposits into/withdrawals from] your account each (time period).\nYou may not make [deposits into/withdrawals from] your account until the maturity date.\n(h) Disclosures Relating to Time Accounts\n(i) Time Requirements\nYour account will mature on (date).\nYour account will mature in (time period).\n(ii) Early Withdrawal Penalties\nWe [will/may] impose a penalty if you withdraw [any/all] of the [deposited funds/principal] before the maturity date. The fee imposed will equal ____ days/week[s]/month[s] of interest; or\nWe [will/may] impose a penalty of $____ if you withdraw [any/all] of the [deposited funds/principal] before the maturity date.\nIf you withdraw some of your funds before maturity, the interest rate for the remaining funds in your account will be ____% with an annual percentage yield of ____%.\n(iii) Withdrawal of Interest Prior to Maturity\nThe annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.\n(iv) Renewal Policies\n(1) Automatically Renewable Time Accounts\nThis account will automatically renew at maturity.\nYou will have [____ calendar/business] days after the maturity date to withdraw funds without penalty; or\nThere is no grace period following the maturity of this account to withdraw funds without penalty.\n(2) Non-Automatically Renewable Time Accounts\nThis account will not renew automatically at maturity. If you do not renew the account, your deposit will be placed in [an interest-bearing/a noninterest-bearing] account.\n(v) Required Interest Distribution\nThis account requires the distribution of interest and does not allow interest to remain in the account.\n(i) Bonuses\nYou will [be paid/receive] [$____/(description of item)] as a bonus [when you open the account/on (date) ____].\nYou must maintain a minimum [daily balance/average daily balance] of $____ to obtain the bonus.\nTo earn the bonus, [$____/your entire principal] must remain on deposit [for (time period)/until (date)____].\nB-2—Model Clauses for Change in Terms\nOn (date), the cost of (type of fee) will increase to $____.\nOn (date), the interest rate on your account will decrease to ____% with an annual percentage yield of ____%.\nOn (date), the minimum [daily balance/average daily balance] required to avoid imposition of a fee will increase to $____.\nB-3—Model Clauses for Pre-Maturity Notices for Time Accounts\n(a) Automatically Renewable Time Accounts With Maturities of One Year or Less But Longer Than One Month\nYour account will mature on (date).\nIf the account renews, the new maturity date will be (date).\nThe interest rate for the renewed account will be ____% with an annual percentage yield of ____%; or\nThe interest rate and annual percentage yield have not yet been determined. They will be available on (date). Please call (phone number) to learn the interest rate and annual percentage yield for your new account.\n(b) Non-Automatically Renewable Time Accounts With Maturities Longer Than One Year\nYour account will mature on (date).\nIf you do not renew the account, interest [will/will not] be paid after maturity.","path":["Title 12—Banks and Banking","CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU","PART 1030—TRUTH IN SAVINGS (REGULATION DD)"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"847f18e40216c7d27749673782c00a0473c783c425543c001d276f28e3e8aaa9","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-appendix-a-to-part-1030","next":"us/12-cfr-appendix-c-to-part-1030"},"notice":"GroundRules: Original legal text. Not legal advice."}