A recent report took a look at how state unemployment rates might be connected to average savings rates by state – with some surprising results.
A recent study from Market Rates Insight (MRI) discovered that a number of states have seen savings rates rise this year.
A recent report noted that the higher-than-average savings rates commonly associated with online banking institutions may be a thing of the past.
A recent report from MRI noted that competition between banks should intensify this year, as banks look to increase consumer deposits.
The level of bank recovery, national or regional, is directly dependent on job market and real estate recovery of the U.S.
Domestic consumer deposits for checking accounts, money market accounts and savings accounts increased in the fourth quarter of 2010.
Despite recent positive economic news, interest rates on money market accounts and certificates of deposit may not rise for some time.
In October, CD rates suffered another decline according to a recent report by Market Rates Insight.