BlackletterCalifornia law

Financial Code § 7050

ARTICLE 11. Interest

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

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.