Latest / Inflation and Your Money with Fexingo: Protecting Purchasing Power and Beating Inflation
How Inflation Is Quietly Eating Your Bank Sweep Accounts
Lucas and Luna dig into a corner of personal finance most of us never check: the sweep account behind our checking balances. With the Fed holding rates near 3.63 percent and CPI still ticking up, banks are paying next to nothing on idle cash—often 0.01 percent or less—while charging 8.5 percent average credit card interest. They break down how this gap quietly erodes purchasing power, what the recent regional bank M&A chatter means for savers, and a surprisingly simple fix: moving cash into a high-yield savings account or a money market fund, which today can yield over 4 percent. They also…
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