Word: savers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Only Associate Editor Christopher Byron, who edited the cover, had a good word to say about high rates: "They have turned me from a spender into a saver," he says. "If you can get 14% or even 15% on your money at a bank, why buy an Oriental rug or a Krugerrand...
...period between Labor Day and Thanksgiving, when summer tourists have gone back to work and winter ones have not yet begun to head for southern beaches or northern ski slopes. While more than two-thirds of airline coach passengers routinely fly on some sort of discount ticket, like Super Saver, the new cuts slashed prices even deeper and had no restrictions on travel...
Today's high rates would not have been welcomed by anyone a few years ago, when the legal ceiling on interest the average saver could earn was the meager 5.5% paid on a passbook account at a savings and loan association or a mutual savings bank. The level is established by the Government. But financiers have been very creative in developing new high-yield deposits. Starting next month, for example, the new All Savers Certificate that was approved by Congress last summer will pay 12.61% tax-free for up to $1,000 in interest for an individual...
Your article "New Maladies" [June 29] prompts me to report another one. After 30 years of driving a large gas-guzzling automatic-shift car, I switched to a four-cylinder gas saver and developed "manual-transmission knee" from operating the clutch...
...Certificates. Time deposits offered by banks and S and Ls pay more interest than a savings account, and they are still insured by the Government. The most popular certificate today has a maturity of 2½ years and pays 12% interest. Disadvantage: if the money is withdrawn early, the saver loses a substantial part of his interest...