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Americans’ personal savings just hit $1 trillion. What’s the best place to store your cash — CDs, I-bonds or online savings accounts?

Last Updated: April 29, 2023 at 6:13 p.m. ET First Published: April 28, 2023 at 12:28 p.m. ET ‘The economy is still moving along, trying to find its new normal,’ one commentator says The personal savings rate — personal savings as a percentage of disposable personal income — rose to 5.1% in March from 4.8%

americans’-personal-savings-just-hit-$1-trillion.-what’s-the-best-place-to-store-your-cash-—-cds,-i-bonds-or-online-savings-accounts?

‘The economy is still moving along, trying to find its new normal,’ one commentator says

The personal savings rate — personal savings as a percentage of disposable personal income — rose to 5.1% in March from 4.8% in February.

Getty Images/iStockphoto

People are cutting back on their spending and putting money aside for a rainy day.

That’s according to data from the U.S. Department of Commerce released Friday. The personal savings rate — personal savings as a percentage of disposable personal income — rose to 5.1% in March, up from 4.8% in February.

And the personal savings rate hit $1…

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