5.55% is an impressive high-yield savings account interest rate. But how much money would you earn with it?
As prices continue to rise at unexpectedly high rates, it's becoming increasingly challenging to save money. And, it's important that any money you have set aside produces a strong return. With the current annual inflation rate at 3.5%, earning a return that's any lower than that produces a loss of buying power.So, if you have your savings in a traditional savings account or in a safe , you're actually losing money. But a high-yield savings account can help.
Why you should open a high-yield savings account todayThere are several reasons why opening a high-yield savings account could be a wise choice right now, including: Rates are high right now: High-yield savings account interest rates are significantly higher than traditional savings account interest rates - which in this case means your savings could produce an inflation-adjusted gain instead of an inflation-adjusted loss.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Harvard Poll: Trump at 55 Percent Presidential ApprovalThe latest poll released by the Harvard Center for American Political Studies showed some damning ratings for President Joe Biden and Democrats entering the 2024 election cycle. Presumptive Republican presidential nominee Donald Trump led by 5 points (41%-36%) over a...
Read more »
Circus Vazquez, a 55-year-old family tradition, brings show to FriscoCascarones, hollowed-out eggs filled with confetti, are a rich Spanish tradition for celebrating the holiday.
Read more »
Kiki Rice, Gabriela Jaquez propel UCLA to 84-55 victory over California Baptist in NCAA TournamentKiki Rice scored 20 points, Gabriela Jaquez added 17 and second-seeded UCLA cruised to a 84-55 victory over California Baptist in the first round of the women’s NCAA Tournament on Saturday. Charisma Osbourne was one assist shy of a triple double with 15 points, 15 rebounds and nine assists.
Read more »
Kiki Rice, Gabriela Jaquez propel UCLA to 84-55 victory over California Baptist in NCAA TournamentKiki Rice scored 20 points, Gabriela Jaquez added 17 and second-seeded UCLA cruised to a 84-55 victory over California Baptist in the first round of the women's NCAA Tournament on Saturday.
Read more »
JuJu Watkins scores 23 points in NCAA Tournament debut as USC wins 87-55JuJu Watkins scored 23 points in her NCAA Tournament debut, leading No. 1 seed USC to a 87-55 blowout victory over Texas A&M-Corpus Christi.
Read more »
No. 7 Ole Miss tops 10th-seed Marquette 67-55 in NCAA openerMadison Scott scored 20 points and No. 7 Mississippi used a late run to beat 10th-seeded Marquette 67-55 on Saturday in the first round of the women’s NCAA Tournament. Ole Miss (24-8) takes on the host No. 2 Seed Fighting Irish (27-6) on Monday. Kennedy Todd-Williams added 15 points and seven rebounds for the Rebels.
Read more »