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Shelton, WA

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  • Cannabis Industry Singled Out?

    mj indoorgrowMason County PUD#3's new rate schedules have members of the I-502 Industry concerned. The members feel they have been singled out, and will have the highest PUD electrical rate structure levied on them.  The I-502's are not asking for special treatment, just equal treatment given… Read More +

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  • Audit: Room For Improvement On Welfare Benefits

    olympiaA state audit of the Department of Social and Health Services' food and financial assistance programs to low-income residents found the state could save or recover an estimated $1 million in benefits paid out to people who are ineligible because they either make too much money… Read More +

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  • Sherman, Baldwin Dig At NFL In Press Conference

    lynchbaldwin nflWith the help of a cardboard cutout, the Seattle Seahawks' Richard Sherman and Doug Baldwin took digs at the NFL during a news conference on Tuesday after the league issued a $100,000 fine to teammate Marshawn Lynch for not speaking to the media. Sherman and Baldwin made mention of everything

    Read More
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Gap Between Interest Rates and Savings Rates Widens

b_250_0_16777215_00_images_obgrabber_2013-08_178a8b15b1.jpgHemera/Thinkstock (NEW YORK) -- The cost of a 30-year fixed rate home loan has jumped from 3.5 percent in February to about 4.7 percent in the past three months.  But the gap between the rate banks charge borrowers and what savers get is growing. "While it has become more expensive to borrow money, when it comes to actually growing wealth there's still no opportunity there in terms of interest rates offered," says Casey Bond of gobankingrates.com.

People who rely on bank savings accounts are getting virtually no return.

"Right now the average interest rate on say a savings account in the U.S. is 0.11 percent," says Bond.  

That's well below the rate of inflation.

Copyright 2013 ABC News Radio

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