Interest Rates Are Falling—What This Means for Savers

Will savers keep saving or will they buy stocks?

Cash is fanned out from a wallet in this photo illustration taken in North Andover, Mass., on June 15, 2018. Elise Amendola/AP Photo

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.