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News Headlines - Savings Rate

Banks savings rate double in Kenya in wake of interest caps
NAIROBI, Aug. 22 (Xinhua) -- Interest rates offered on customer savings by commercial banks in Kenya have doubled since the East African nation introduced a law to cap lending charges. The law limited the maximum interest rate to be charged on a loan ...

Economic Times

Dena Bank cuts savings rate by 0.5% on deposits up to Rs 25 lakh
Economic Times
NEW DELHI: Public sector Dena Bank today cut interest rate on savings account deposits up to Rs 25 lakh by 0.5 per cent to 3.50 per cent. Those having deposits over Rs 25 lakh in their savings bank accounts will continue to get the existing interest of ...
After SBI, Bank of India also considering reduction in savings rateZee News
Central Bank, Dena Bank slash savings interest ratesThe Indian Express
Ten Banks Have Slashed Savings Bank Account Interest RatesNDTV
Reuters -Telegraph.co.uk
all 31 news articles »

Savings and loan association
Savings and loans got another boost in 1966 with Regulation Q, giving S&Ls 50 basis points above what banks could offer on savings deposits. The strategy was aimed at attracting more deposits to S&Ls by offering higher savings rates. It ultimately ...

Los Angeles Times

The average American saves less than 5%, so how are you doing ...
Los Angeles Times
The average American saves less than 5% of his or her disposable income. Many financial advisors say that isn't enough to ensure a comfortable retirement.

and more »


Americans Aren't Saving Money Like They Used To - Bloomberg
American households scaled back their pace of savings to the lowest level in nine years at the end of 2016 as the growth of their wages and salaries slowed, ...

and more »

Times of India

ICICI, Union Bank cut savings rates
Times of India
According to a report by India Ratings, savings rate cuts will provide public sector banks (PSBs) — which have a larger savings account base — an edge over their private sector peers. "Cutting savings deposit rate for amounts below Rs 50 lakh ...
ICICI Bank cut interest rate on savings account by 0.5%Economic Times
ICICI, Union Bank of India cut savings rateBusiness Standard
Banks make beeline to cut savings rate- The New Indian ExpressThe New Indian Express
The Hindu -Livemint -Business Today -Moneycontrol.com
all 122 news articles »

Top savings rates: the truth behind the 'weasel words'
The New Daily
The highest savings rates currently on offer are masked behind the “weasel words” of conditional bonuses, an expert has warned, with penalties that can slash the rate by more than half. New analysis by comparison website Mozo, published on Monday, ...

New technologies from Clemson offer potential big savings for agriculture
Clemson Newsstand
Fox is working with agricultural engineer Ahmad Khalilian and other specialists at the Edisto REC to develop a real-time, variable-rate tillage system that uses sensor technologies to pinpoint the depth and thickness of that soil hard pan. The ...

Business Insider

Albert Edwards says personal savings rate slump shows debt ...
Business Insider
"Every day more evidence mounts that almost exactly the same debt excesses that caused The Global Financial Crisis (GFC) in 2008, are present today."
Big decline in savings could spark economic calamity: Albert EdwardsCNBC

all 3 news articles »


Would Roth 401(k)s lead to lower savings rates?
Although many plan sponsors think reducing or eliminating tax incentives to contribute to 401(k) plans would reduce savings rates, new data on contribution rates to Roth 401(k) plans contradicts them.(Photo: Getty). Do the tax incentives of traditional ...

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