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Ohio Must Pay 6% Interest On Unclaimed Funds

12:00AM
August
19, 2009

Earlier this year, the Ohio Supreme Court ruled it was unconstitutional for the state to stop paying interest to people who were retrieving money they had forgotten about in dormant bank accounts, rent or utility deposits, and insurance policies. Now, a judge has declared what the new interest rate has to be.

Ohio Must Pay Interest on “Unclaimed Funds”

12:00AM
April
8, 2009

The Ohio Supreme Court ruled Wednesday that when people claim “lost” money from the state’s Unclaimed Funds Program, the state must pay interest.

Fed rate cuts help local stocks

12:00AM
January
22, 2008

Local stocks are recovering this afternoon from an early morning plunge in the market. The Dow Jones plummeted nearly 500 points amid concerns about U.S. and global markets, but rebounded with news of significant cuts in key interest rates.

Low Interest Loans Available for Those in Mortgage Trouble

12:00AM
April
2, 2007

The state government is offering low-interest loans to hundreds of Ohio families hard-pressed to keep up with monthly mortgage payments.

Groups on left and right pull on budget

12:00AM
March
13, 2007

As Governor Ted Strickland and Ohio legislators get down to work on hammering out a new two-year state budget, they are being pulled by activists on the political left and the political right.

To Rent Or Not To Rent; Rising Interest Rates Boosts Need For Apartment Rentals

12:00AM
July
24, 2006

Three years ago interest rates were at an all time low, and many people were taking advantage of it: buying a home instead of renting. But the buyer’s boom appears to be coming to an end as interest rates continue to rise. And that’s causing the Columbus rental market to be the tightest it’s been in years.

Interest-only mortgages offer flexibility, carry risk

12:00AM
March
10, 2004

Rising home prices, low interest rates and increasing competition among lenders had brought a new type of mortgage to the market. The “interest only” mortgage is growing in popularity. Such loans do not require home buyers to pay any principal — thus lowering their monthly payments.