life savings

3 Stories

$65K Raised for Pearl Harbor Vet Scammed Out of Life Savings

Jack Holder says he has 1,000 thank you notes to write

(Newser) - Publishers Clearing House couldn't help Jack Holder. Bank of America said it couldn't help him, either. But nearly 1,000 regular people could, and did, donating more than $65,000 to a GoFundMe account after the 94-year-old Pearl Harbor survivor was scammed out of nearly all of his... More »

Restaurant Worker Finds $32K, Restores Faith in Humanity

It was a California man's life savings—and he got it back from Applebee's

(Newser) - A California woman and her mom are thankful for an eagle-eyed (and honest) Applebee's worker after they left a pouch with $32,000 behind at the restaurant. Erica Gonzalez tells WXIA that she and her mom had taken her dad's entire life savings to the bank to be... More »

Sorry, FDIC Can't Guarantee Interest on That CD

When selling failed banks, Feds allow buyers to slash expected payout

(Newser) - There’s a little-publicized part of your bank deposit the FDIC doesn’t insure, and it’s driving scrupulous savers up the wall. The logic is simple enough: When the FDIC takes over a failed bank and resells its assets, it allows buyers to alter interest rates, particularly on CDs.... More »

3 Stories