{
  "id": 687243,
  "title": "3 savings accounts that are outpacing inflation to consider now",
  "url": "https://urgent.news/2026/08/12/3-savings-accounts-that-are-outpacing-inflation-to-consider-now",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T18:08:35.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/savings-accounts-outpacing-inflation/"
  },
  "original_language": "en",
  "account": "Three savings accounts are currently outpacing inflation, making them attractive options for those seeking additional financial protection. The Bureau of Labor Statistics reported that inflation, at 3.4%, is declining after rising to 4% in May and 2.6% in July. Despite this improvement, millions of Americans still need financial support due to elevated inflation and high unemployment rates. The Federal Reserve's 2% inflation target remains concerning. Therefore, it's an opportune moment to consider where to keep your savings.\n\nTo protect your principal and earn interest, explore high-yield savings accounts, money market accounts, and certificate of deposit (CD) accounts. High-yield savings accounts offer interest rates above 4%, outpacing inflation by more than half a percentage point. Money market accounts have the lowest interest rates among the three options but still exceed inflation, offering variable rates and check-writing capabilities. CD accounts provide fixed terms with rates as high as 4.40%, allowing for easy budgeting and secure earnings at account maturity. However, early withdrawals can negate interest earned. In summary, high-yield savings, money market, and CD accounts all currently outpace inflation. However, if inflation declines further, rates may decrease, reducing returns. Therefore, it's wise to open one or more of these accounts promptly to capitalize on high rates and returns while navigating market volatility.",
  "summary": "The inflation rate is now down to 3.5%. Here are three savings accounts that will easily help you outpace it.",
  "key_points": [
    "Three savings accounts outpacing inflation: high-yield, money market, CD accounts",
    "Inflation at 3.4%, down from May's 4% and July's 2.6%",
    "Promptly open accounts to capitalize on high rates before potential declines"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}