Mass. Gen. Laws ch. 167J § 7
Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
A bank may pay interest on deposit accounts in accordance with applicable law. Rates of interest may vary based on the type of account or on the terms and conditions applicable to the account. Such corporation by its by-laws, may provide that fractional parts of a dollar shall not be included in principal in computing interest and may provide that interest shall not be paid on deposits of less than $10.
Mass. Gen. Laws ch. 167J, § 7