Word: saverse
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Not, however, compelling enough for those most industrious of foreign policy advisors, the "face savers," who claim a Marine withdrawal would be perceived as a defeat for the United States. But this is a strange argument if we recall that the Marines were sent to Lebanon not to gain face...
Removal of the interest-rate ceiling on CDs represents one of the last major steps in the deregulation of consumers savings deposits. Previous moves have led to innovations like the popular bank and S and L money-market accounts, which pay attractive rates that typically rise or fall weekly. The...
Some experts assert that the high-yielding certificates will further befuddle savers, who already face a bewildering range of choices over where to put their cash. "With all the NOWs, money-market accounts and CDs, consumers are shell-shocked and totally confused," says Richard Bove, a leading banking analyst for...
IRAs can also be offered by mutual funds, insurance companies or credit unions, but banks and savings and loans have grabbed off the largest share of the business, and last week they were drawing big crowds too. California's Bank of America, which opened about 50,000 new accounts...
A dozen years ago, hot dogs and peanut butter were about the only affordable fare for Bruce Bent and Henry Brown, the inventors of the money-market mutual fund. Their creation, registered in 1971 as the Reserve Fund, offered big yields to small savers for the first time and eventually...