Is a high-yield savings account worth opening with inflation rising now?

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Is a high-yield savings account worth opening with inflation rising now?

With inflation rising, savers should strongly consider moving their money into a high-yield savings account. Javier Ghersi/Getty Images Inflation is now at 4.2%, a Wednesday report from the Bureau of …

With inflation rising, savers should strongly consider moving their money into a high-yield savings account. Javier Ghersi/Getty Images Inflation is now at 4.2%, a Wednesday report from the Bureau of Labor Statistics revealed, bringing it to its highest level since April 2023. But that report isn't just a status update. It should also function as motivation for millions of American savers to revisit their savings strategies. …

Original source: CBS News Top

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Bureau of Labor Statistics