For the record (5)

Savings-and-loan associations will be allowed to raise the maximum interest rate on passbook savings accounts to 6 percent from the current 5 1/2 percent. The increase, which was opposed by the banking industry, will affect an estimated 40 million Americans who hold such accounts.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.