Thursday, June 20 2013 12:09 AM EDT2013-06-20 04:09:02 GMT
The Albany Water Gas and light commission is preparing customers for a change that starts soon for those who pay with debit or credit cards. WG&L leaders say the utility is paying $20,000 dollars a monthMore >>
The Albany Water Gas and light commission is preparing customers for a change that starts soon for those who pay with debit or credit cards.More >>
Wednesday, June 19 2013 11:41 PM EDT2013-06-20 03:41:18 GMT
An Albany man who was born when Woodrow Wilson was president celebrated his birthday today. Century Pines Assisted Living Center threw a party for resident Charles Walker who turned 101 today. Walker wasMore >>
An Albany man who was born when Woodrow Wilson was president celebrated his birthday today.More >>
Wednesday, June 19 2013 11:34 PM EDT2013-06-20 03:34:54 GMT
For years, the area right across the street from the RiverQuarium has been rundown, but that's changing. A couple of businesses are thriving there. The new art park is open, and a sidewalk improvementMore >>
For years, the area right across the street from the RiverQuarium has been rundown, but that's changing.More >>
Wednesday, June 19 2013 11:20 PM EDT2013-06-20 03:20:33 GMT
Downtown Albany leaders are looking for ways to make sure the Flint Riverquarium remains an important part of downtown for years to come. Tonight, The Albany Dougherty Inner City Authority board began discussionsMore >>
Downtown Albany leaders are looking for ways to make sure the Flint Riverquarium remains an important part of downtown for years to come.More >>
Wednesday, June 19 2013 6:51 PM EDT2013-06-19 22:51:07 GMT
Ravi Mikel Givens was arrested Tuesday and charged with possession of marijuana with intent to distribute. He is being held in the Dougherty County jail. Givens, who played ball at Westover and StetsonMore >>
Agents say that police responded to the apartment because of a burglar alarm. Officers found the back door broken open and went inside. That's where they detected a strong odor of marijuana, and saw pot in plain view.More >>
July 6, 2006
Albany - - Today, the Federal Reseve raised interest rates to the highest point in more than five years. It's the 17th hike since 2004, and another bump in rates may be on the way next month.
What are you doing with your money these days?
"Trying to hold on to it. Trying to save," says Paula Rogers.
Many other people are trying to do the same thing.
"The rates are about as good as they've been in quite some time," says Sun Trust Bank Vice President Joe Vanden Bosch.
Today the federal government raised the interest rate again, this time to 5.2 % Sounds like bad news? It may be for some.
"If you're the type of individual that likes to borrow money, it may cost you a little more to use that credit card in your wallet or if you're looking to purchase an automobile and you want to get an auto loan, the rate may jump up a little bit," Vanden Bosch says.
But there's good news too.
"When the federal government decides to raise rates you typically earn a little more money that you have either in savings, money market, or certificate of deposit."
Meaning now is a good time to invest in a money market or a c.d. because the intrest on it will probably bring a greater return. But you have to back off that credit card and do what Ashley Kenny is doing.
"Saving my money trying to purchase a vehicle...I'm depositing money, not withdrawing," Kenny says.
In a certificate of deposit, you can deposit money for a fixed term for a fixed rate and receive money from interest. In a money market, there's no fixed rate. So your interest can go up or down, but you can withraw money from this kind of account anytime.