Final answer:
The Truth in Savings Act requires banks to disclose the annual percentage yield on your accounts.
Step-by-step explanation:
The Truth in Savings Act requires banks to disclose the annual percentage yield on their accounts. This means that banks must provide information on the interest rate earned on a deposit account, taking into account the effect of compounding over one year. The annual percentage yield (APY) allows consumers to compare different banking products and make informed decisions about where to deposit their money.