Regulatory Alerts2019-10-02
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 varying by amount and monthly average daily balances for demand accounts. Institutions may post different rates based on customer type or deposit nature if they notify the Central Bank of the Republic of China (Taiwan) for recordation, which is deemed complete if no objection is raised within ten business days. The rules do not apply to redeposits from grassroots financial institutions and Chunghwa Post Company Limited, but apply mutatis mutandis to investment and trust companies accepting discretionary trust funds. Financial institutions must also post specified benchmark lending rates and notify the Bank of any changes to posted deposit or lending rates.
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