Word: saversion
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Along with the old disputes about spiritual imperialism or the propriety of seeking converts from other faiths, there is a continuing sharp debate over whether missionaries should be mainly savers of souls or workers trying to improve the daily lives of people. Among Protestants, there has been a shift toward...
In spite of the pervasive economic gloom, 1982 was a banner year for savers and investors. Having suffered huge savings outflows in prior years as depositors withdrew their funds to chase after the high interest rates available from money-market mutual funds, commercial banks and savings and loan institutions were...
Bankers and savings and loan officers are both excited and apprehensive about the Super-NOW. They hope this new weapon in their arsenal will help them recover a large part of the $230 billion in deposits that has been captured by money-market mutual funds. But the banks and S...
The new investments will have a large competitive plus but also several minuses. On the positive side, the accounts will be federally insured for up to $100,000. Money-market mutual funds, by contrast, carry no federal insurance. But bank and thrift customers will have to keep at least $2...
Last week the U.S. Treasury Department unveiled a new, potentially higher-yielding certificate designed to help lure savers back to bonds. The new bonds, offered in denominations of $50 or more, will have ten-year maturities and pay interest at a floating rate with a floor that guarantees investors a...