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Easy ways to build your savings in the middle of a pandemic

(WXYZ) - At a time when Michigan's unemployment is rising again and climbing to 7.5% in January, it can save money on luxury. After all, many are trying to get the meetings today.No matter what you save for, a rainy day or a pension that may be decades away, even the small moves you make today can have a huge impact on your quality of life.Amina Madden has just finished nursing school and is the mother of two girls - aged 4 and 6. It is very hard work.All my life I have always been in school, she said.All the…

Massachusetts banks await repayment of business loans after COVID pursues savings, mortgages

For bankers like everyone else, 2020 was a year to manage COVID-19: make sure branches are secure, customers are cared for and employees are healthy while processing a mountain of Paycheck Protection Program loans.It was also a hectic year for home loans - sales of single-family homes increased across the region - and a year when many Americans saved more money than usual.The personal savings rate, calculated as a percentage of income, increased in 2020 when people worked but had fewer places to spend. That spike subsided as the summer wore on, but savings still remained higher than it was…

Who offers the best interest rates on savings accounts?

Dear Mary: I'm looking for a place to earn the best interest rate on my contingency fund, which is (drumroll, please) about $ 18,000 and growing.Recently I came across a "rewards account". It looks like a checking account that pays about 6%, when savings accounts in the same bank have less than 1% annual return. Is this some kind of scam? - JasonDear Jason: Let me first congratulate you on your very respectable and growing contingency fund! Everyone needs money they can count on in an emergency. Good job, and keep going!Reward control accounts are the latest in creative products…

Today’s Best Deals: Savings You Won’t Want to Miss

Welcome to Deals of Note, where Gear Patrol captures all the best deals of the day. You can also visit GearPatrol.com/Deals for constant updates on the latest deals discovered by our team.EDITOR'S PICKS The most rare or exceptional deals picked by Gear Patrol's product experts. Backcountry Gore-Tex Kits SHOP NOWSAVE AN EXTRA 20%If you're looking to pick up a Gore-Tex jacket and pant this season, look no further than Backcountry's Girdwood and Cottonwoods kits. Each has a 100 percent waterproof, breathable and durable three-layer Gore-Tex construction. TRX Rocker Bundle $55 OFF (21%) TRX, designed by a Navy SEAL squadron commander, still stands…

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