Dec 5, 2023 - Economy
How savers are beating inflation right now
Add Axios as your preferred source to
see more of our stories on Google.
It's a golden era for savers: Those fortunate enough to have some spare cash can earn some real interest on their money right now.
Driving the news: The rate on the highest-yielding savings accounts is outpacing inflation by a historically wide margin.
Yes, but: Not all savings accounts offer great rates. You may have to do a little work to transfer your cash to a higher-yielding account.
What to watch: The Fed could cut rates as soon as early next year, changing the dynamic.
