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  • Sports Briefs April 18

    sports3Kevin Kouzmanoff delivered again, doubling twice and scoring two runs as the Texas Rangers beat Seattle Mariners 8-6 yesterday. Texas lost the opener of the four-game series on Monday night, but won the last three.

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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

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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