Word: saver
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Dates: during 1970-1979
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...high school class in Los Angeles. Even though Jackie, Husband Bob and their two children had already taken their summer vacation in Alaska, they were tempted by the new low airline fares. Says Bob, an engineer, "We made our reservations 30 days early, we flew night Super Saver and we figure the four of us saved $259 off the regular fare." He adds: "This year we seem to be flying more miles than we are driving...
...Frank Kambara's of Chicago, a family of four, saved $251 on a round- trip to Miami; now, enticed by the bargain, they plan to spend next Christmas in Hawaii. Reason: they can fly at $545 below the full fares. Thanks to "Chickenfeed" and "Super Saver" discounts, Kathy and Randy Ray were able to fly from Denver to New York City and Miami for $206 less than it normally costs to fly only to Miami...
...none may be available. The second is APEX (Advanced Purchase Excursion), which must be bought three or four weeks in advance. The price: $399. The advantage: a confirmed reservation. Domestically, there is an absolute plethora of fares. The Big Four?United, American, TWA and Eastern?all offer a Super Saver fare that cuts 30% to 50% off regular economy rates, but tickets must be bought 30 days in advance. Other lines offer similar savings under a variety of catchy names. Braniffs Small Potatoes, Texas International's Peanuts (25% to 50% off on certain flights), Continental's Chickenfeed...
...certificates are attractive to investors because, with Treasury bills at their present rates, the deposits can yield more than 7% a year if the interest is compounded daily, a service that many banks are providing. To get that high interest from any other bank deposit, a saver would have to tie up his funds for up to four years instead of six months. Since the buyer of certificates gets his money back a half year later, he can turn around and reinvest it in an even higher-interest certificate if Treasury bill rates continue to rise...
Financing big solar units for houses has been a problem, but increasing numbers of banks and mortgage lenders now offer solar loans. The New England Merchants National Bank of Boston recently introduced a maximum $10,000, low-interest Energy Saver's Loan, and the San Diego Federal Savings and Loan Association offers low down-payment mortgages for new houses that use some form of solar power. The Bank of America has made about 2,000 loans, totaling more than $3 million, on its solar financing program, almost all of them in California, where Governor Jerry Brown's ambitious...