New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 67 - Payment Of Interest On Day Of Deposit-day Of Withdrawal Accounts In Savings Banks And State-chartered Savings And Loan Associations
Section 67.1 - Minimum balance
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 67.1
Current through Register Vol. 46, No. 12, March 20, 2024
Savings banks and savings and loan associations may require that a minimum balance in a day of deposit-day of withdrawal account be maintained until the end of any dividend or interest period in which a withdrawal from such account is made; provided, however, that any savings bank or savings and loan association requiring a minimum deposit shall so indicate clearly on all passbooks issued for such accounts.
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