Subscriber Login



Forgot Your Username?
Forgot Your Password?
Savings rates, we’ve seen it all

By Byron McNutt

REMEMBER WHEN parents and grandparents shared this pit of economic advice:

“A penny saved is a penny earned.” Nowadays, financial markets pay savers a whopping .01% interest on money market accounts, if you keep a balance of $10,000 for a full month.

You might get 1% for a one-year bank CD, or 2% for a five-year CD. That’s not much for yield-starved investors.

How rich do you feel when you receive your monthly bank statement and

Tuesday, January 07, 2014 12:08 PM
 

Add comment

Comments exceeding 1,000 characters will not be accepted. Please refrain from using texting language and spell out all words. All comments are reviewed and must be approved before they are posted.


Security code
Refresh