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Savings accounts surge with high interest and low risk
A new savings and checking revolution starts for min 2500 dollars with high rates and federal insurance up to 100000. Money market savings and SuperNOW checking roll out January 5 with rates linked to market levels and possible daily or weekly changes. Banks may charge fees and set minimums, some offer 11 percent promos to attract deposits.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
New York City
James Kendall
U.S. League of Savings Institutions
S&ls