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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 23, 2003
Page
34
A collector’s roundup reveals claims from parrots hiding bills to fax machines clogged by a cat. Others blame earthquakes swallowing mailboxes or a buy one get one free sale, while some coin obituaries to dodge payments. The era of excuses is both absurd and revealing. Bondy at The Gazette invites readers to comment.
The seven day and 30 day money market fund yields held at 0.75 and 0.76 percent respectively in the week ended Tuesday. Bankrate.com shows 0.74 percent on money market accounts and 0.33 percent on interest checking. CD yields declined across the board with 1.14 percent for six months and 2.92 percent for five years. Total money market assets reached 2.292 trillion dollars.
Do it yourself checkouts expand beyond groceries to pharmacies and libraries. Kroger and Wal-Mart lead adoption, with Home Depot and Walgreens testing. Each unit serves multiple lanes and costs about $90,000, handling a large share of daily transactions as stores roll out in months ahead.
Internet banks overcome dot-com bust as a new generation profits quickly. Local Internet banks mix virtual and real branches to attract deposits while promising human contact when needed. INGDirect and others offer high yields attracting savers amid FDIC protection parameters.
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