Why interest rates are rising everywhere—except your savings account

Bank chiefs said they expected the interest rates on their customers’ deposits to increase in the future, based on the actions of the Fed and their competitors (Photo: iStock) — Bank chiefs said they expected the interest rates on their customers’ deposits to increase in the future, based on the actions of the Fed and their competitors (Photo: iStock)

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5 min read . Updated: 03 Oct 2022, 05:20 PM IST Joe Pinsker, The Wall Street Journal

Many banks continue to offer meager yields on savings accounts, but it can pay off to shop around

Why Interest Rates Are Rising Everywhere—Except Your Savings Account