FNBO Direct America Saves Week

by Andy Hough on February 26, 2009

Recent studies indicate Americans are starting to save. The personal saving rate, which measures the amount Americans save out of their disposable incomes, rose to 2.9 percent in the fourth quarter of last year, compared with 1.2 percent in the third quarter of 2008. Although low in comparison to global standards, this figure is more than twice last year’s rate.

To keep the personal saving rate on an upward trend, FNBO Direct, a division of First National Bank of Omaha, is joining government agencies, employers and others participating in America Saves Week, Feb. 22 – March 1. During the week, participating organizations will encourage Americans to build wealth, not debt, to ensure financial security.

“Given the state of the economy today, people are recognizing the importance of saving,” said Dan Harley, vice president of FNBO Direct. “In these difficult times, we are tightening our belts and returning to the basics: Spend less than you make, and save before you spend.”

Of course, they do hope that those savings will be deposited at FNBO Direct. The FNBO Direct Online Savings Account currently pays 2.40% APY making it one of the highest-paying savings accounts making it a good choice for keeping your savings.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • Propeller
  • StumbleUpon
  • TwitThis

Comments on this entry are closed.

Previous post:

Next post: