No. of Recommendations: 3

"Industry analysts say that interest rates paid to deposit holders are likely to keep rising because there is a growing sense among bank executives and industry analysts that three years of strong deposit growth is starting to slow as consumers plow some excess cash into the stock market and mutual funds. That means banks will have to battle each other to get new customer deposits -- and one way to do that is by competing on rates."


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No. of Recommendations: 0
Related story in the Boston Globe. I'm glad I can find much better rates or I'd definitely be buying TIPS.
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