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TRUTH IN SAVINGS DISCLOSURES THE MIDFIELD BANKING COMPANY (888) 8011666 May 31, 2019, This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer.
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How to fill out truth in savings disclosures

01
Obtain the truth in savings disclosures form from your financial institution.
02
Read the instructions carefully to understand the information required to fill out the form.
03
Provide accurate and truthful information about your account, including account type, interest rate, fees, and terms and conditions.
04
Make sure to sign and date the form before submitting it to the financial institution.

Who needs truth in savings disclosures?

01
Any individual or entity that opens a savings account or certificate of deposit (CD) with a financial institution needs to receive and review truth in savings disclosures.
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Truth in savings disclosures are federal regulations that require financial institutions to provide clear and accurate information about their deposit accounts to consumers.
Financial institutions such as banks, credit unions, and savings and loan associations are required to file truth in savings disclosures.
Truth in savings disclosures can be filled out by providing information about the various terms and conditions of deposit accounts offered by the financial institution.
The purpose of truth in savings disclosures is to ensure that consumers have access to accurate and transparent information about deposit accounts before making a decision to open an account.
Truth in savings disclosures must include information such as interest rates, fees, terms and conditions, and other important details about deposit accounts.
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