Word: deposit
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...this week; it could go higher still, perhaps to 9½% in the fall. The banks in turn had to pay as much as 10.3% to get money to lend; that was the highest rate offered last week to depositors who would buy $100,000 certificates of deposit (CDs). While borrowers and lenders alike groaned, savers rejoiced in the highest yields ever offered on even modest accumulations of money...
Early last month, Government agencies raised by a half-point the ceilings on interest for most types of small savings. On ordinary passbook accounts, banks are now permitted to pay 5%, and savings and loan associations 5¼%. From there, the bank ceilings rise to 5½% on deposits made from 90 days to one year; 6% on one-to 2½-year money; and 6½% on 2½-to four-year deposits. On CDs running for four years or longer, banks can now pay anything they please; the Federal Reserve Board requires only a minimum deposit...
...typical of banks to also require borrowers to leave a portion of the loan on deposit, making the real cost of money about...
...what about the modern problem, asked Ehrlichman, of, say, an imminent nuclear attack and a safe-deposit box that contains key enemy plans? "Do we say a man's home is his castle, his safe deposit is his castle, and so let the bombs come...
...many overseas nations. U.S.Travel Service officials still recall with horror the case of a Canadian woman who broke her pelvis in a fall while visiting Los Angeles; outrageously, the hospital to which she was taken refused to admit her until Canadian funds were converted to cover a cash deposit. Medical treatment in general is a frequent source of irritation to visitors. "It costs $200 for treatment of a broken limb here," notes Seegul. "That can be pretty shocking to people from countries with socialized medicine...