Which of the following must be disclosed about bonuses?

The correct answer is that the type of bonus and when it will be provided must be disclosed. Under the Truth in Savings Act, financial institutions are required to provide clear and accurate information to consumers regarding various terms and conditions associated with their accounts, which includes bonuses.

Disclosing the type of bonus is essential for helping consumers understand what they can expect if they open an account or maintain a minimum balance. Also, detailing when the bonus will be provided outlines the timeframe within which the consumers can anticipate receiving their benefits, which impacts their financial planning and decision-making.

This transparency is crucial in ensuring that consumers can make informed choices regarding savings products. Without this information, consumers may not fully understand the incentives tied to their accounts, potentially leading to dissatisfaction or misunderstandings later on.