High Yield Savings Account vs. Inflation

Even with high-yield savings accounts, the growth of savings may not keep pace with the inflation rate of essential items like groceries, housing, and car insurance, meaning the money is not truly growing in real terms.

While high-yield savings accounts might beat the reported average inflation rate, they don't offer principal growth, and the actual inflation for essential items like groceries, housing, and car insurance can be higher than the interest earned, meaning money isn't truly making money.