As Inflation Rises, Consider Moving Savings to High-Yield Accounts Earning Over 5%

• Rates on high-yield savings accounts are high (5.30% or more) and could go even higher with inflation rising • You're likely losing money keeping funds in regular savings accounts paying only 0.47% • High-yield savings accounts offer more flexibility than CDs in rising rate environment • Inflation eats away at purchasing power of money, high rates help offset costs • With high rates now, it makes sense to open a high-yield savings account with inflation increasing