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Cash savers still have an opportunity to beat inflation. Here’s how [Video]

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It may be a while longer before the Federal Reserve lowers interest rates, experts now say.

That means savers can still earn the best returns on their cash in years, following a “nuclear winter for the better part of the last 15 years,” said Greg McBride, chief financial analyst at Bankrate.

“We’ve now had two years in a row where both liquid savings and timed deposits like CDs [certificate of deposits] are paying yields that are well ahead of inflation,” McBride said.

As part of its National Financial Literacy Month efforts, CNBC will be featuring stories throughout the month dedicated to helping people manage, grow and protect their money so they can truly live ambitiously.

The Fed has largely been expected to start a series of interest rate cuts this year after hiking rates to combat historically high inflation.

But as the economy continues to perform well and inflation is still higher …

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