Make money in 2010: Your savings and credit

By doris | Published: November 22, 2009

Full Story at money.cnn.com

Money Magazine) — Like most Americans, you’re probably pledging to save more next year — already savers are socking away cash at a better pace than they have in years (3.7% of income recently, up from just 0.2% in early 2008).

Pat yourself on the back — because your thriftiness won’t be rewarded with much more than that anytime soon.

Interest rates on savings vehicles were dismally low in 2009, and the beginning of 2010 doesn’t appear as if it will be much better. Bank savings accounts, CDs, and money markets generally track the Federal funds rate, and that has ranged between zero and 0.25% since late 2008.

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