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CD rates fell everywhere last year. Some states saw big declines in rates in 2012, while others experienced only small drops, according to a recent study.
Young people in droves are saving money in their 401(k) plans. After witnessing their parents’ finances unravel, they want to prevent that from happening to them.
A British bank’s entry into the online savings market in the U.S. sparked a price skirmish with an American bank.
If you’re wondering why the Dow Jones has been down more than 400 points at times today, it’s mostly because of scary developments in the European debt crisis. Basically, yields on Italian and Spanish government bonds are rising and their prices are falling, putting pressure on those countries’ governments and their banks, which hold large
Savings accounts, long a mainstay of many people’s financial lives, may no longer be a good deal. That’s according to a recent Bankrate.com report, “The hidden cost of savings accounts,” by Christina Couch, who writes that “savings accounts can burden consumers with low return rates, hidden fees and surprise penalties.” The story suggests that consumers might
5.9 percent — that was the U.S. personal savings rate in July 2010, according to the Bureau of Economic Analysis, or BEA, one of the federal agencies that keeps track of such statistics. That 5.9 percent figure was slightly lower than the 6.2 percent rate the BEA calculated for June 2010 and substantially lower than