How High Will Savings Account Rates Be in 2023?

How High Will Savings Account Rates Be in 2023?

Inflation has been torturing consumers for well over a year now, to the point where a lot of people have had no choice but to rack up costly credit card debt just to pay their bills and put food on the table. The Federal Reserve is doing its part to address the situation, though. The Fed has already implemented several steep interest rate hikes in an effort to slow inflation.