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Today’s featured pick is the 5-year CD account offered by KS StateBank. This account has an APY of 4.30%. With a required minimum opening deposit of $500, this CD is an excellent choice for ...
High-yield savings accounts can be one of the most useful tools for millennials to earn extra money. ... Suppose you had $100 in a savings account and the interest rate was 2% per year ...
"This chart shows US 10-year Treasury yields are creeping towards 5%. Markets are spooked by the 5% level on 10-years because it is the outer limit of an entire generation’s (20 years ...
[53] [54] As a result, Greeks have lost about 40% of their purchasing power since the start of the crisis, [55] they spend 40% less on goods and services, [56] and the seasonal adjusted unemployment rate grew from 7.5% in September 2008 to a record high of 27.9% in June 2013, [57] while the youth unemployment rate rose from 22.0% to as high as 62%.
On 19 December 2012, UBS was fined $1.5 billion (~$1.97 billion in 2023) for its role in the Libor scandal [185] over accusations that it tried to rig benchmark interest rates. [186] In November 2014, regulators including the FCA and CFTC hit UBS with fines, along with other banks, for currency manipulation . [ 187 ]
All of this created demand for various types of financial assets, raising the prices of those assets while lowering interest rates. Foreign investors had these funds to lend either because they had very high personal savings rates (as high as 40% in China) or because of high oil prices. Ben Bernanke referred to this as a "saving glut". [315]
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