Savers now feeling the credit crunch

A recent article detailed how yields on savings accounts and other deposit accounts have dropped recently, and what the falling yields mean for consumers right now.

According to the article, rates are dropping pretty much across the board, but how much the rates have dropped varies from bank to bank. All in all, it pays to shop around for the best rate if you are currently looking to put money away in a savings account, certificate of deposit or money market account.

See full article: Savers Feel Pinch of Tight Credit

It’s easy to analyze your savings situation with our savings calculators. These calculators can help you formulate a customized savings plan by allowing you to compare different savings options, set savings goals and more.

Once you have created a reasonable savings plan with reachable savings goals, you can compare savings options online. The comparisons include savings accounts, money market accounts and certificates of deposit that are available as online banking options.

Make your next banking decision a knowledgeable one. A little research and planning can really pay off in the end.

Posted in News, Personal Finance

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This entry was posted on Thursday, April 24th, 2008 at 7:06 am and is filed under News, Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.