Today is "Teach Children to Save Day," an unofficial holiday sponsored by, yes, the American Bankers Association. With interest rates so low for so long, savings haven't been a big priority. The personal savings rate has been hovering around 5 percent for three years. So it seems hard for any of us, kids or adults, to save.
Some consumers are like sharks, constantly circling banks on the hunt for an interest-bearing account that offers an extra fraction of a percent.