Savers rush to get higher interest rate
Savers and investors flooded local banks to open new accounts offering at least twice the prior savings rate. Lincoln First Bank opened 50 to 100 accounts in the first hour. Citibank and Onondaga Savings Bank reported heavy inquiries. Rates will fluctuate with money market averages or Treasury yields, ranging about 9 to 12 percent and valid only through year end.
MENTIONED IN THIS ARTICLE
Lincoln First Bank
Lincoln
Mike Kisselstein
Citibank
Onondaga Savings Bank
Dick McGee
Money Fund
U.S. Treasury
Weather and Lottery Briefs From Albany and New York
A brief weather outlook predicts fair skies tonight with lows around 35 to 40 and a windy cloudy day tomorrow with a 50 percent chance of rain. Colder conditions are expected Thursday with flurries and temperatures in the 20s, teens by Friday and Saturday. In Albany, the daily numbers game last night yielded 089 with Win Four 8819. In New York, four players matched six numbers in last week’s Lotto, a record jackpot hit by the most entrants at near two million to one odds.
MENTIONED IN THIS ARTICLE
Wisusapt
National Weather Service
Hancock Airport
Albany
New York
UPI
Tylenol case suspect to be taken to Illinois
James Lewis, 36, the Tylenol extortion suspect, will be taken to Illinois to assess possible involvement in the seven Chicago Tylenol murders. He was arrested without incident after a librarian at the New York Public Library identified him from photos while he read a listing of newspapers. Authorities have noted his pattern of writing to out of town papers, and the FBI and state officials seek to determine if he committed the killings, though no link is established. His wife Leann, 35, remains missing.
MENTIONED IN THIS ARTICLE
New York
James Lewis
Illinois
Lewis
Chicago
New York Public Library
Kenneth Walton
FBI
United States
Walton
Sinois
Tyrone Fahner
Fahner
Richard Brzeczek
ABC
Brzeczek
Leann
Local firm buys State Tower Building in Syracuse
State Tower Properties, a group of five local general partners and about forty local investors, plans to acquire the 21 story State Tower Building from Commercial Structures Inc for 2.721 million. The deal, to close Monday in New York City, will have Sutton Real Estate manage the property with planned upgrades to heating and ventilation.
MENTIONED IN THIS ARTICLE
State Tower
Syracuse
New York City
South Warren
East Genesee Streets
Edward S. Green
State Tower Properties
Green
Commercial Structures Inc
Bee
Eugene Irish
Irving Bronstein
Alfred Lichtman
M. Lichtman Co
John Frantz
Sutton Real Estate
Sutton
Green State Tower Properties
Also Mentioned on This Page
Amet
Clay
Louise
Jean Stahley
Wellington Road
Christopher J. Naum
Cicero
Moyers Corners
Air Force Base
James H. O’connor
Assets In Money Market Funds
Lotte
Tures
Colsius
Ganley
the State Tower Building
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