What information must be included in periodic statements?

The correct answer identifies the requirement for periodic statements under the Truth in Savings Act, which mandates that certain information be disclosed to account holders. Specifically, the Annual Percentage Yield Earned (APYE) provides consumers with an understanding of the interest earned on their accounts, allowing them to compare the rates offered by different financial institutions. This transparency is crucial for consumers when making informed decisions about where to save their money.

The inclusion of the total number of fees assessed is also significant, as it offers account holders a clear view of the costs associated with maintaining their accounts. Understanding the fees incurred can help consumers manage their finances better and make choices that align with their financial goals.

In contrast, options that suggest only providing account balances, closing balances, or account opening dates do not meet the comprehensive disclosure requirements stipulated by the TISA. Account balances alone do not inform consumers about their earning potential nor do they highlight the costs incurred, which are vital pieces of information for effective financial management.