Savers, be warned: The days of high-yield savings accounts are numbered.
In March 2022, the Federal Reserve embarked upon a campaign of higher interest rates to combat inflation. The central bank hiked rates 11 times, lifting them to a two-decade high of 5.25–5.5 percent.
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
