If you’ve perused a bank statement recently, you’ve probably noticed the near disappearance of any interest income on your savings.
On a quick visit to the Chase Bank branch on Indian Hill Boulevard, we learn that the bank currently pays an interest rate on liquid savings accounts of between 0.01% and 0.09%. With the magic of compound interest, at 0.01% your money will double in just 6,932 years.
During two years and eight months of discussion, the Claremont public and even our architectural and planning commissions were given no estimates for the total number of residential units, parking and population being planned in Village South.
Therefore, it was a shock when we were first able to read just a few numbers in a city notice on July 19 that announced a public meeting.