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-7.25621702309032E-05 -0.000238418559329959 -0.000528667240253336 0.00032652976603877 0.00119209279664968 0.00358664441426772 0.00123355689392441 0.00193844654759561
Stock impact report

Inflation is eating your savings — unless your account pays this much [CNBC]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: CNBC
As personal finance reporters, we're always keen to talk about the value of savings accounts offering above-average returns. One very tangible reason why? Inflation. The latest inflation reading is at — meaning that if you have a savings account offering an annual percentage yield (APY) lower than that, you're losing a percentage of your money's value each year. Think of it like this: Something that costs $100 last year now costs $102.70, but if the interest rate on your savings account is only, say, 1.5% APY, $100 of savings only grew to $101.50. Your savings balance may have gone up, but your purchasing power actually went down. This is why it's important to be proactive about where you stash your savings. Here are the accounts that outpace inflation and ensure your money goes further year after year. High-yield savings accounts High-yield savings accounts are like traditional savings accounts, but with better returns. Here are some of our favorites. Marcus by Goldman Sac Show less Read more
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