Savings Account Interest in 2013: Thanks For Nothing, Banks
Filed under: Interest Rates, Savings Accounts
We’re only half a month into 2013, but already, you may have started giving up on some of the resolutions you made for the new year. If you’re a retiree living on a fixed income, we suggested one important resolution would be to make sure you’re getting a decent interest rate on your savings so you don’t have to dip into your principal to get by in 2013.
Well, banks are not making it easy to follow through on that one.
In the face of pressure from the Federal Reserve, banks have been cutting…
Savings Account Interest in 2013: Thanks For Nothing, Banks originally appeared on DailyFinance.com on 2013-01-17T13:25:00Z.
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