WEISBERG v. CHEM. BANK


108 A.D.2d 639 (1985)

William I. Weisberg et al., Respondents, v. Chemical Bank, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

February 19, 1985


Plaintiffs maintain a money market account in defendant bank, initially depositing $25,000 in December of 1982. At that time plaintiffs were provided with the bank's "regulations" governing such accounts, which, in pertinent part, set out the interest rates applicable, depending upon the average daily balance maintained. Although accounts falling below the $2,500 minimum would receive only the passbook rate of 5.25%, greater balances were subject to a floating "base" rate...

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