Friday, July 20, 2012

Hunting for higher bank yields? Read on...


Where's the yield?
That is the question frustrated savers are asking these days, as interest rates hit record lows with depressing regularity.
People who need a pool of cash for emergencies or looming expenses usually look to keep it in banks or credit unions, where deposits are protected by the Federal Deposit Insurance Corp. or the National Credit Union Administration. Yet the yields on certificates of deposit, savings accounts and money-market accounts, on average, are the lowest they have been in at least 50 years, according to research firm Market Rates Insight. Read More

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