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Rates To Savers In Slump As Banks Cut Yields
Banks and savings institutions begin lowering deposit rates for savers marking the first sustained drop in nearly two decades. Analysts public and private note that reductions may begin July 1 and spread, with big centers already trimming time deposit rates from 3 to 2 1 2 percent and main rate declines across regions.
MENTIONED IN THIS ARTICLE
Savings and Loan Association
Great Money Centers
Providence
R.I
M. A. Schapiro
Schapiro
Chicago
Ings
U.S. Treasury