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Featured Bank
FNBO Direct consistently offers one of the best rates in the country, currently at 3.50% APY. No hassles or fine print; just no minimum balance or monthly fees. FNBO Direct is a Member of the FDIC, and part of a 150 year old, very stable mid west bank. Consistently high rates and great service make this our pick this month.
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Savings Contest
FNBO Direct is giving away more than $45,000 in Cash & Prizes!
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$25,000 in Matched Savings for the top 5 Contestants.
Submissions are due by July 31, 2008. Learn More...
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Savings Account Resource Center. American savings is at an all time low according to this artice from the Associated Press. Take a look and review your plans to save for the future. Are you saving enough ? You can start today.
2006 Personal Savings Drop To 74-yr. Low
Staff
WASHINGTON (AP) _ People once again spent everything they made and then some last year, pushing the personal savings rate to the lowest level since the Great Depression more than seven decades ago. The Commerce Department reported Thursday that the savings rate for all of 2006 was a negative 1 percent, meaning that not only did people spend all the money they earned but they also dipped into savings or increased borrowing to finance purchases. The 2006 figure was lower than a negative 0.4 percent in 2005 and was the poorest showing since a negative 1.5 percent savings rate in 1933 during the Great Depression.
Source: AP News