Personal Finance Blog By MoneyRates - The Best Savings Account Rates

Bank Interest and Income Tax Rates

March 11, 2010

This tax season, many conservative investors are reaping at least a small reward from low interest rates on CDs, money market accounts, and savings accounts: With interest rates so low, the income tax on that interest income may be dramatically lower. For people who are in high tax brackets, the difference in tax because of low [...]