Dividend rate

Dividend rate means the declared or prospective annual dividend rate paid on an account, which does not reflect compounding. For purposes of the account disclosures in 707.4(b)(1)(i), the rate may, but need not, be referred to as the annual percentage rate in addition to being referred to as the dividend rate.

Source

12 CFR § 707.2

---

Scoping language

For purposes of this part, the following definitions apply:

---

Is this correct? or