A Diverse Fair Haven Community with Historic Homes and a Beautiful Waterfront
“Household saving” is defined as the difference between a household’s disposable income (wages , self-employed revenue, income from property, etc.) and its expenditures on goods and services. The “household savings rate” is calculated by dividing household savings by household disposable income.
The country with the highest household savings rate in 2010???? Italy, at 20.2%, according to the OECD – Organization for Economic Cooperation and Development. France and Japan were at 14.8%, the United States at 7.3%.
According to the St. Louis Federal Reserve Bank, our savings rates peaked in the early 1970s at around 14.6%. The 1990s saw a surge in available credit, coupled with intensive marketing and ad campaigns, and our savings rate dropped to 3.5% by January of 2000. Due to the recession, that rate was down to1.3% by January 2008.
A recent article in the New Haven Register States the “average” savings account balance for a Connecticut household is at about $6,914 – a little over $1100 more that the US average of $5,753.
Since Start Community Bank opened, we have seen great interest – no pun intended – in our Fast Start savings account . Our current 1.67% Annual Percentage Yield is about 16 times better that the average .10% APY that most savings accounts pay in the area. Our rate starts at $20 – not $20,000!!! And our 13 month CD with a $500 minimum balance pays the same 1.67% APY – the best rate in town! Now, terms and conditions do apply on both accounts, so make sure you visit us at startbank.com for all the details.
Welcome (Bienvenido, Benvenuto, Powitanie, Bonjour! Willkomme,歡迎, ברוךהבא أهلا وسهلا, Bonvenon) to Chatham Square online.
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traducción, traduzione, tłumaczenie, traduction, Übersetzung, 翻译, תרגום أهلا ترجمة, traduko
Waterfront Living
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47 High St.
203.787.7800
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Buen Gusto Restaurant
379 Grand Avenue
203.772.3577
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El Coqui Restaurant
286 Grand Avenue
203. 562.1757 |
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Grand Apizza Restaurant
111 Grand Avenue
203.624.7646 or
203.624.9320
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Cositas Deliciosas
271 Grand Avenue
203.782.4757
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La Molienda Peruvian Restaurant
113 Grand Avenue
203.562.0675
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Salsa's Authentic
Mexican Restaurant
99 Grand Avenue
203.752.1265
Once again Fair Haven Community Health Care has been recognized as a high achieving health center by the U.S. Department of Health and Human Services (HRSA), and has received the gold level designation. This places FHCHC in the top 10% of the 1,400 community health centers across the country and reflects our strong commitment to high quality clinical care. The full announcement can be found here.
We are proud and happy to have FHCHC as a community partner and a major employer in our community.
© 2019 Created by Lee Cruz.
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