Regulatory Alerts2006-05-30
Added · Updated
Directions for Displaying Interest Rate by Financial Institutions
Financial institutions must post single interest rates for New Taiwan dollar deposits and loans, with tiered rates for deposits determined by amount and monthly average daily balances for demand accounts. Institutions may post different rates for specific customer types or deposit categories but must file a written report with the Central Bank of the Republic of China (Taiwan). The rules also require posting various benchmark lending rates and notifying the Central Bank of any changes to posted deposit or lending rates, while exempting redeposits from grassroots financial institutions and Chunghwa Post Company Limited.
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