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Ruling Expands Bank Interest To Savers Nationwide
More than 100 million savers may gain more on deposits as Regulation Q rules raise the max savings rate to 4 percent for over one year and 314 percent for under six months starting Jan 1. Banks including Chase Manhattan and Community Federal Savings & Loan report higher rates, while experts predict broader increases where competition exists.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Isurance Corp
Chase Manhattan
New York City
Missouri
Community Federal Savings & Loan Association of
St. Ann
Richard H. Hoenig
AP Business News
NEW York (Ap
New York
California
Savings and Loan
Cial
Gates
Clark Reis
Bank F of America
San Francisco
Crosby Kemper
City National Bank & Trust Co
Kansas ‘City
American Bankers Association