Interest rates have been falling, but payments are earning more than inflation. Your recent interest rate reduction in your high-yield savings accounts has perhaps sucked you out. However, prices is still a factor in your savings account, making significantly more money than it would in a standard savings accounts. Since the Federal Reserve cut its important interest rate in September as prices cooled, costs paid on money in savings accounts have decreased. The central banks reduce rates again, by a third place, at its meeting this month, and another cut in December is seen as good, though no particular because of a recent uptick in inflation. Interest rates are being slowly lowered by lenders in a manner similar to the Fed’s. Even so, the prices paid on federally protected high-yield savings accounts, several offered by banks that operate only or mainly website, are also beating prices, which was 2.6 percent on an annual basis in October. According to the financial site Bankrate, “high-yield savings accounts are still attractive relative to traditional savings accounts,” especially for “rainy day” or “emergency funds,” which savers want to be able to access quickly, said Alan Bazaar, chief executive and co-chief investment officer at Hollow Brook Wealth Management in Katonah, New York. If you put$ 5, 000 in a savings account for a year at the average rate, you’d earn just$ 28, compared with about$ 200 with a high-yield account. ( At some of the biggest national banks, which are offering just 0.01 percent, you’d end up with a measly 50 cents. ) Just a few years ago, savers were getting 1 percent on their deposits at best, so 4 percent is nothing to scoff at, said Ted Rossman, a senior industry analyst at Bankrate. High-yield accounts can also be attractive for money that will need to be saved for expenses like paying for college tuition for a child in the near future or for retiring people looking to put aside money for living expenses. The article content is retrievable with difficulty. In your browser’s settings, kindly enable JavaScript. Thank you for your patience while access is verified. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while access is verified. Already a subscriber? Log in. Want all of The Times? Subscribe.