What's an average yield on a standard bank savings account these days?

Are we LOSING money due to inflation?

Best Answer

readytoretire answered a question in General Market.
2222 points

readytoretire answered 9 months ago …

Although many savings accounts are paying 1% or less, due to the negative growth of CPI we are currently having, the answer is no. Until the economy starts to recover, I would think that inflation will be very close to zero. And right now, it is negative.

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