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There are both risks and opportunities for banks in aging societies. Retired people on fixed incomes are less likely to be borrowing money but they will also seek the safety that only a bank can provide. For example, many retirees do not want to risk investing a significant portion of their savings in volatile instruments such as stocks and mutual funds but instead will seek stability and safety of principal by putting their money in banks. Banks are the only financial institutions that can offer deposit insurance from the Federal Deposit Insurance Corporation (FDIC) which insures saving deposits up to $250,000. In the case of a severe banking crisis depositors can also take comfort from the fact that the FDIC is authorized to borrow from the US Treasury if necessary to protect depositors. Banks rely on depositor money in order to have funds to make loans and an aging population worried about the safety of their savings will provide banks the opportunity to raise low cost deposits to fund their loan growth.
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Where can one find information on banks and building societies?
One can find information on banks and building societies by going to the website of Adviceguide. This site gives information as to services expected from banks and building societies, tips for contacting them and the complaint process, etc.
Do banks building societies offer the same rates of interest?
well
Do primary agriculture credit societies come under banks?
They come under Cooperative banks and work on village level www.gktoday.in
What has the author Harald Conrad written?
Harald Conrad has written: 'Human resource management in ageing societies' -- subject(s): Employment, Personnel management, Older people
Which banks or building societies offer a passbook savings account?
There are many banks or building societies that offer a passbook savings account to customers. One can get them from 'Yorkshire Building Society', 'Chelsea Building Society' and 'West Bromwich Building Society'.
Which banks own the building societies in England?
All Building Societies are owned by their members and have 'mutual' status. If you invest money with them you automatically become a member no matter how small your investment. If they 'de-mutualize', they are then no longer building societies and become banks. Some building societies that have done this in the past have then been taken over by other banks. What was originally Halifax Building Society is probably the best known example of this. It de-mutualized and became a bank. It was then taken over by the Bank of Scotland which in turn was taken over by the Lloyds Banking Group.
Where could one find information on net branch opportunities?
Net branches are services offered by various banks. The best way to get information on net branch opportunities is to call your local banks and to see whether they provide this service.
How can you define ageing?
You can define ageing as the process of growing old.
What is Council on the Ageing's population?
The population of Council on the Ageing is 7.
When was Ageing Research Reviews created?
Ageing Research Reviews was created in 2002.
When was Songs for Ageing Children created?
Songs for Ageing Children was created in 1973.
What did the long range effect of the industrial revolution have on women in western societies?
The Industrial Revolution increased employment opportunities for women.
