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TRUTH IN SAVINGS DISCLOSURES THE MIDFIELD BANKING COMPANY (888) 8011666 May 1, 2019, This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer. Interest
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01
Obtain a copy of the truth in savings disclosure form from the financial institution.
02
Read through the form carefully to understand the information requested.
03
Fill in your personal information accurately, including your name, address, and account details.
04
Provide details about the type of account you have, including interest rates and fees.
05
Review the completed form for accuracy and sign/date it as required by the financial institution.

Who needs truth in savings disclosures?

01
Anyone who opens a new savings account at a financial institution.
02
Anyone who wants to understand the terms and conditions of their existing savings account.
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Truth in savings disclosures refer to the information provided by financial institutions to consumers regarding the terms and conditions of their deposit accounts.
Financial institutions, such as banks and credit unions, are required to provide truth in savings disclosures to their customers.
Truth in savings disclosures can be filled out by including information about the account, such as interest rates, fees, and terms. The disclosures must be clear and easily understandable to consumers.
The purpose of truth in savings disclosures is to provide consumers with transparent information about their deposit accounts, allowing them to make informed decisions about their finances.
Truth in savings disclosures must include details about interest rates, fees, terms and conditions, as well as any potential penalties for early withdrawal.
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