Regulatory Alerts2001-03-08
Added · Updated
Directions for Displaying Interest Rate by Financial Institutions
Financial institutions must display single interest rates for New Taiwan dollar deposits and loans, with tiered rates for deposits varying by amount and monthly average 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 China. The rules also require posting prime lending and revolving credit card rates, applying to investment and trust companies, while waiving certain provisions for redeposits from grassroots institutions and treasury deposits. Any changes to posted rates must be notified to the Central Bank of China.
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