What is the interest to be paid on deposits?
Interest to be paid on security deposits, which must be paid by all telecommunications service providers on non-residential accounts, must be calculated in conformance with 220 CMR 26.09, i.e., the interest rate paid on a two-year US Treasury Note for the preceding twelve months ending December 31 of any year, as published during the 1st week of January in the Federal Reserve Statistical Release, G13(415) Selected Interest Rate.
