Your Money: Jun. 15, 1998

FUND FACTS IN PLAIN ENGLISH

Mutual funds are billed as an easy way to play the stock market, but the prospectuses are packed with confusing jargon. Starting this month, funds are allowed to send potential investors a simplified "profile" that lays out their fees, risks and performance in plain English. Look for Vanguard and Fidelity to offer profiles within the next year.

SAVINGS AT SMALL BANKS

If you need a good checking account, bigger banks are definitely not better. That's the conclusion of a new Bank Rate Monitor study, which found that small, local banks offer the best deals in the...

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