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A savings account was where 35% of Americans polled by GOBankingRates said they felt was the safest place for their money. You can earn a higher interest rate on your savings by opening a high ...
Inflation commonly affects savings. Nearly two-thirds (63%) of U.S. adults say they’re saving less for emergencies due to inflation, while 45% say a reason is rising interest rates.
Most experts agree that at least some of your savings — and probably the bulk — should be in an FDIC-insured high-yield savings account (HYSA), which can currently earn you north of 5%. Even ...
The clerk is a citywide elected office, and is one of three city-wide elected officials in the City of Chicago, along with the Mayor and the Treasurer. The current city clerk is Anna Valencia. One former city clerk is more famous for his non-political activities: The late Baseball Hall of Famer Cap Anson served one term from 1905-1907.
The Treasurer is charged by Article V, Section 18 of the Illinois Constitution with the safekeeping and investment of the monies and securities deposited into the state treasury. [3] As such, the Treasurer is not the chief financial officer of Illinois. That role is occupied by a separate elected official, the Comptroller.
The City Treasurer’s Office is the custodian and manager of all cash and investments for the City of Chicago, the four City employee pension funds, and the Chicago Teacher’s Pension Fund. Additionally, the Treasurer’s Office manages a number of programs that promote financial education and small business growth in Chicago’s neighborhoods.
All in all, banks are still the safest place to store your money. When you make deposits at an FDIC-insured bank, your money is insured up to $250,000 per depositor, per ownership category. (Joint ...