Interest rate

Interest rate means the annual rate of interest paid on an account which does not reflect compounding. For the purposes of the account disclosures in 1030.4(b)(1)(i) of this part, the interest rate may, but need not, be referred to as the annual percentage rate in addition to being referred to as the interest rate.

Source

12 CFR § 1030.2

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Scoping language

For purposes of this part, the following definitions apply:

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