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Stocks to dump now include those of brokers, who pay short rates for customer money and invest it elsewhere.
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Mr. Freedman said this could mean lower water rates for customers.
The department does not control rates for customers in large-group plans.
Santander is the first of a number of banks to cut in-credit interest rates for customers.
The ultimate choice should be whatever gives the best service and lowest rates for customers, he said, adding that he will not support privatizing unless it reduces bills.
So there is not much they can do to increase interest rates for customers, other than lower or waive management fees.
SOMETHING struck Paul Morsen as odd about a trash hauler's request that the Central Contra Costa Sanitary District approve higher rates for customers to keep it out of bankruptcy.
Northern Rock also said that it is cutting its "Everyday Fixed" rates for customers with deposits of 25%and30%0% by up to 0.19%.
He insisted that the FLS was making a real difference in providing "innovative offers and some of the lowest interest rates for customers in history".
"As those costs get shifted, that leads to higher and higher rates for customers who don't take advantage of solar".
After pledging that it would no longer reserve the right to raise interest rates at any time for any reason, Citigroup now plans to start raising rates for customers who have not had an increase in at least two years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com