Beware of Falling Savings Rates
Posted October 10, 2008 by Chuck
Posted in: 
Personal Finance
Personal Finance
With the recent downturn in the stock market, the fed has reacted by slashing interest rates. This has caused a number of banks to lower their APYs on savings accounts:
- WAMU lowered their savings account rate from 4.0% to 3.0%
- Schwab lowered the rate on Investor Checking from 3.0% to 2.2%
- ING Direct lowered their Orange Savings from 3.0% to 2.75%
I expect more cuts on their way, so if it hasn’t hit your account yet don’t be shocked when it does.
Popularity: 1% [?]
Twitter
StumbleUpon
No Replies to "Beware of Falling Savings Rates."
Post a Comment »
| Recent Posts | Recent Comments | Popular Posts |
- Premium Finance: Very inspiring post. It is really good that there are financ...
- Drew: @joann stanly: Have you looked at "Where's My Refund?" on t...
- joann stanly: i filed my taxes for 2009 end of Jan and thanks to H&R B...
- Renee: I filed online via H&R Block and I am supposed to get my...
- karen: i filed end of january. its august. had 1191 code. called...
