Interest Rate Risk of Savings Accounts

Weather Insurance Savings Accounts

Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households around the world. This paper theoretically and experimentally analyzes an innovative financial product called a Weather Insurance Savings Account (WISA), which combines savings and rainfall insurance. We index the insurance share of the WISA by γ ∈ [0, 1] and use a standard model...

Savings and Prize-Linked Savings Accounts

Savings and Prize-Linked Savings Accounts Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize-Linked Savings (PLS) accounts, that combine principal-security with lottery-type jackpots, can increase saving...

Medical Savings Accounts:

Health Savings Accounts

2/9/06 2:08:34 PM Health savings accounts, or HSAs, are a new health insurance option that became available in 2004. HSAs couple a tax-preferred savings account (the HSA) with high-deductible health insurance. Enrollees or their employers, or both, make tax-free contributions to the HSA. Enrollees use the funds in their HSAs to purchase medical care until they reach their deductibles. At that p...

Interest Rate Risk