Show Bank Interest l Hates lates ates Raised Uy By Vernal Banks Both the Bank of Vernal and the Vernal branch of First Security Bank an an- an announces this week that rates on bank Interest paid on savings sav- sav savings ings accounts are arc raised effective tive January 1 Rates rose Ih from 3 to 3 33 i on regular savings ac- ac accounts accounts counts and a full 1 from 3 to 4 on special accounts or savings certificates re re- redeemable after 12 months do- do deposit posit The raIse In interest rates has spread Into a general movement throughout Utah Idaho Wyoming and other states Salt Lake bankers have predicted that without t tI I doubt the increase in inter est eat paid will force loaning charges upwards They par par- particularly listEd conventional home mortgages and some types of business loans Savings and loan seem to be sticking to toa toa a s a raise in dividends on savings shares bringing the general payment for the fed fed- insured institutions to ci Other associations were at and 43 4 4 4 |