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`Truth in savings' what it means to you.

Authors :
Quinn, Jane Bryant
Source :
Woman's Day. 11/2/93, Vol. 56 Issue 17, p34. 1p. 2 Color Photographs.
Publication Year :
1993

Abstract

Discusses the truth-in-savings law which requires savings institutions to inform their customers on the rate of interest they pay. Methods used by banks to calculate interest and camouflage actual earnings; Disclosure of the actual interest-rate by banks; Annual percentage yield earned; Comparing paid fees with the interest earned; Payment of interest for every dollar in the account. INSET: Saver alert..

Subjects

Subjects :
*LEGISLATION
*INTEREST rates

Details

Language :
English
ISSN :
00437336
Volume :
56
Issue :
17
Database :
Academic Search Index
Journal :
Woman's Day
Publication Type :
Periodical
Accession number :
9405190187