Word: saversion
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When it comes to saving money, affluent people get a break. Those who put $10,000 or more into six-month money market certificates can collect interest at roughly 9.5%, while small savers are limited by law to earning only 5% from commercial banks and 5.25% from savings institutions on...
One of the new proposals will be an eight-year "rising rate" certificate of deposit in amounts as low as $500. The interest will start at 6% (6.25% in savings banks) and rise gradually to 8% (8.25%) over five years; a saver who leaves $500 on deposit over the full...
Encourage Capital Formation. Gradually remove all Government limits on the amount of interest that banks and other savings institutions can pay, and eliminate all taxes on that interest. This would provide a tremendous boost to private savers, particularly the poor and middle-income Americans, who put a larger proportion of...
Ming vases? Antiques? Gold? Cattle? All can tumble out of favor and decline in price. So where is the perplexed American investor to park his extra cash and protect its value? Certainly not in a savings account. Had Phineas T. Barnum lived today, his famous dictum might well have been...
Profligate people who splurged years ago on gold jewelry, diamonds, Persian rugs, antique furniture and fine art have seen their value steadily mount, while prudent savers who put their money in bank accounts or U.S. Savings Bonds have taken a beating. Every $100 invested in U.S. Savings Bonds ten years...