# The Banking Act 1987 (Exempt Transactions) Regulations 1997, Paragraph 33: INTEREST RATES


Advertisements quoting a rate of interest must contain a specific statement indicating—
(a) the term, if any, of the deposits;
(b) the frequency of payment of interest; and either that
(c) the rate quoted is fixed for any term specified; or
(d) interest rates are subject to variation.

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Source: https://www.legislation.gov.uk/uksi/1997/817/schedule/4/paragraph/33 (the official version)
Page: https://openlegislation.uk/banking-act-1987-exempt-transactions-regulations-1997/schedule-4/paragraph-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.