August 23, 2008 |
Your bank wants your money and may be willing to pay a decent rate for it. After falling for most of the last year, average rates on certificates of deposit have been picking up since the end of April. Some banks -- including brand-name institutions with locations in Southern California -- are offering more than 4% on a one-year CD. Nationwide, the average annual yield on one-year CDs fell to 1.92% in April, down from 3.75% in August 2007. "During the past 12 months, savers really took it on the chin," said Greg McBride at Bankrate.
CALIFORNIA | LOCAL
March 1, 1986
The savers of our society, those who save money in banks and savings and loan institutions, provide the financial base for the growth and well-being of our economy by providing the funds necessary for construction, home purchases, business expansion, etc. The savers of our country have laid their savings open to the ravages of inflation and the resultant loss of purchasing power, while providing borrowers with the means to consume. Savers accept deferred gratification while borrowers experience immediate gratification of their needs and desires.
CALIFORNIA | LOCAL
May 4, 1990
Your editorial must be responded to as it mentions a 10% cut in individual usage. We support a cut, but not in percentages. You listed several examples of low/high gallon usage. We, using the low side, have already cut 6,650 gallons per month. (I must plead guilty to hosing the drive in the past.) Additionally low-flow toilets and shower restrictors have been installed. My past Navy training of water hours has not been forgotten. Some others have done none of these. To now mandate a 10% across-the-board cut simply penalizes the savers and rewards the wasters.
March 31, 1986 |
A wealthy San Francisco socialite in her 80s keeps $1 million in a passbook savings account earning a mere 5.5% interest. Another elderly San Francisco woman keeps $190,000 in a similar passbook account. Both women reject advice to put their money into higher-paying accounts. Michael Rinebold, a 33-year-old Woodland Hills computer consultant, also has a passbook account, with a balance of only $600. "That's my rainy day account," he says.
CALIFORNIA | LOCAL
December 11, 1996
Robert Kuttner failed in his commentary of Dec. 2 on the stock market to address the chief reason for its explosive growth, i.e., the demise of the traditional pension plan and its replacement with the individual retirement account and the 401(k) and similar investment plans. With this change, virtually all of America's retirement savings are now funneled into the stock market. It is no wonder that under these conditions the stock market soars. Once again, we have legislated disaster by making these stock market investment plans the only viable ones for the majority of retirement savers, thus ensuring that the inevitable "corrections" will hit everyone, this time much harder than the S&L failures hit. And lest any of these stock market investors cry that they are assuming the whole risk themselves, I would like to point out President Clinton's response to the Mexican financial crisis of a couple of years back.
November 29, 2012 |
Verizon Wireless has topped an annual list of best cellphone carriers published by Consumer Reports. Of the four major U.S. national cellphone standard service providers, Verizon received favorable scores for voice and data service quality, and for support attributes such as staff knowledge and resolution of issues. Sprint, T-Mobile and AT&T each received mostly middling to low marks, particularly for voice and text service quality, Consumer Reports said. AT&T was among the lower-scoring providers, but its 4G LTE network was rated the most favorably of any carrier.