BlackletterCalifornia law

Financial Code § 7050

ARTICLE 11. Interest

Current as of September 28, 2026Fin. Code, § 7050Official source ↗

Added by Stats. 1983, Ch. 1091, Sec. 2.

An association may issue savings accounts earning interest at different rates of return. The annual rate of return paid on a savings account may either be fixed at the time the account is issued or may vary on any basis specified at the time the account is accepted.