Personal Finance Advice and Commentary

Tuesday, August 09, 2011 4:14 pm
By Marcie Geffner ·

Banking customers hoping for higher interest rates on savings accounts and deposit certificates got another bonk on the head Tuesday from the Federal Reserve, which said it plans to keep a key interest rate at the current level for another two years. The Federal Open Market Committee decided to keep its target range for the

Wednesday, June 22, 2011 9:24 am
By Marcie Geffner ·

Consumers who want to earn more interest on their bank savings and checking accounts might have a long wait, judging by Federal Reserve Chairman Ben Bernanke’s remarks earlier this month at a conference in Atlanta. Bernanke acknowledged the moderate pace of the U.S. economic recovery, rise in inflation, slowed momentum in the labor market and