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Are your savings beating inflation?

Por: NBC News Business October 08, 2023

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Walk past any bank and you’ll likely see savings rates advertised in the window. That’s because, for the first time in many years, rates have climbed to 5% on some high-yield savings accounts. Much the same goes for other common financial products, like certificates of deposits (CDs) and money market funds, as the Federal Reserve has boosted interest rates to 20-year highs. But there’s a catch. “At the end of the day, there is no free... + full article



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