Federal Interest Rate Deregulation Is 'Nonevent' for West Virginia Thrifts

American Banker, April 24, 1986 | Go to article overview

Federal Interest Rate Deregulation Is 'Nonevent' for West Virginia Thrifts


Federal Interest Rate Deregulation Is 'Nonevent' for West Virginia Thrifts

CHARLESTON, W.Va. -- The federal regulation limiting interest rates on bank and savings and loan passbook accounts to 5.5% ended April 1, but few West Virginia institutions seemed to pay much attention to it.

Charleston bankers said that, had the ceiling been removed a year ago, there might have been a stir. But with interest rates in steady decline, they said, there is little incentive to launch new marketing campaigns to keep or attract the depositor's dollars.

Some financial institutions here said they plan to simplify the accounts they offer; and some said they will make minor adjustments. That's about it.

"It just doesn't seem to make any sense to make major changes with rates where they are," said Steven Kelly, a marketing official at the Kanawha Valley Bank, which does not plan to increase rates. "There's no guarantee rates won't go even lower."

"The significant factor is that all interest rates are lower," said Mae Ellen Wildt, senior viced president for funds management at the Kanawha Banking and Trust Co. "The 90-day Treasury bill is 6.5%. That makes the 5.5% to the small investor very attractive on the relative scheme of things."

Ms. Wildt said that Kanawha has no plans to raise the rates it pays.

Sam Cipoleti, vice president of marketing at the national Bank of Commerce here, said the institution no longer will open time savings accounts. Those differ from normal passbook accounts in that they pay 0.25% higher interest than passbook accounts, but a person has access to the money only every 90 days.

"We felt that in a deregulated environment, there was no reason for anyone to open a time savings account," he said. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Federal Interest Rate Deregulation Is 'Nonevent' for West Virginia Thrifts
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.