com shows the number of passbook accounts
paying less than 1% has shot up to 344 out of a total of 628 accounts.
One important example: Interest on bank passbook accounts
was stuck at 5 1/4 percent - by government fiat - while "real world" interest rates were approaching 20 percent; that meant people were actually losing money by keeping it in the bank.
4 million increase in certificates of deposit and $179,000 increase in statement savings accounts and our new e-savings accounts, offset by a $112,000 decrease in passbook accounts
As is customary, OSEO obtains half its financing from the markets, and the other half through the resources of the Sustainable Development Passbook Accounts
centralised by the Caisse des DepE[sup.
Mutually-owned building societies that still offer face-to-face services and old style passbook accounts
are cashing in on the protest.
But many of the investors fueling this boom aren't sophisticated shareholders with strong convictions; they are former savers hoping to beat the 2 percent annual interest rate banks offer on passbook accounts
Our passbook accounts
are also popular," says Vargo as he opens its firm dark blue cover with white pages and lots of little numbers inside.
are opened on average with more than pounds 400, and 80% of account holders have a passbook while 20% have the cash card permitted once they turn 11.
It found that the average return paid by the top five easy access passbook accounts
36 Other assets 86,212 Total assets $1,536,839 Liabilities and Equity Interest-bearing liabilities: Deposits: Passbook accounts
$208,343 895 1.
MOST savers with passbook accounts
are missing out on a small fortune in lost interest every year.
This mix shift more than offset a continuing shift in funding from passbook accounts
into more costly sources of funds.