All about Saving

An investment counselor and author of eight previous money books ( The Dying Dollar, The Book of Incomes, etc.) here offers a comprehensive if routine guide for the average money-saver in a banking atmosphere greatly altered by the Federal Deregulation Act of 1980 (fully effective only last year) and the 1986 comprehensive tax reforms. In his discussion about banking today, however, Krefetz unfortunately explains interest rates and ""yield'' in terms few savers who are not sophisticated investors are likely to understand. In a chapter on computer transactions, he sees a threat to financial privacy but also new savings opportunities worldwide. Krefetz clearly explicates the workings of deposit insurance, modern savings instruments (CDs, Money Market funds) and tax shelters like municipal bonds and IRA accounts, along with every saver's possible first or last resortU.S. government bonds. (March 19)