What is required to disclose regarding the frequency of compounding and crediting?

The requirement to disclose the frequency of compounding and crediting is essential under the Truth in Savings Act (TISA). This disclosure ensures that consumers understand how often interest will be calculated and added to their account balance, which directly affects the amount of interest they earn.

When financial institutions clearly state the frequency of compounding and crediting, it allows consumers to make informed decisions about their accounts. For instance, different compounding frequencies—daily, monthly, quarterly, annually—can significantly impact the overall yield on an account. Thus, providing this information enhances transparency and helps consumers compare different savings products effectively.

The other options do not address this specific requirement: the frequency of fees, details on the compounding method, or information regarding interest rate changes are all important aspects of account terms but do not relate directly to the compounding frequency and its impact on interest accrual as stipulated by TISA. Therefore, the accurate disclosure required is indeed the frequency of compounding and crediting.