The average savings account at an online bank delivers an annual interest rate of 3.6%, according to WalletHub research. Many high-yield savings accounts do better than that. That average is higher ...
The inflationrate remained above 3% in early 2024 ... end of the federal fund range plus an additional 3%. Although the current federal funds rate marks a drop from the recent peak of 5.25% ...
But, a certificate of deposit (CD) can help. That's because today's leading accounts come with higher returns than the current inflation rate. However, strong current returns aren't the only ...