The FDIC (Federal Deposit Insurance Corporation)’s research shows that 30 percent of American households do not have saving accounts, a much higher percentage than those who do not have transaction accounts, such as checking. So, this week it is encouraging consumers to take actions to save toward financial goals during America Saves Week
. The theme of the 2013 week is “Set a Goal, Make a Plan, Save Automatically.”
According to FDIC Chairman Martin J. Gruenberg, “Saving money in a federally insured bank account is the safest way to build savings for emergencies or future dreams."Read more
Encouraging savings is a great idea, and it would be even better if the available rates were more attractive.