Why Savings Account Rates Are So Pathetic
(New York Times) — Savers just can’t catch a break. Because of persistent low interest rates, anyone looking for decent returns that are also safe has had a tough time this year. Most of the best savings accounts, for instance, don’t even top a 1.5 percent annual yield. Sure, some people have made out nicely in this environment. If you have a hefty mortgage, are able to make your payments and have enough equity, you can refinance into a 30-year loan with an interest rate that begins with the number four.
SEE ALSO
- ‘The Street I Grew Up On Is Now Named After Me’ — Trailblazer Dominique Morgan On Pride, Power And Blackness
- Gym Etiquette 101: 10 Rules Every Respectful Member Should Follow
- Xscape Talks Platinum Single, Balancing Motherhood, And Kicking Off Their Summer Tour Without Exiled Group Member LaTocha Scott [Exclusive]
