💸 Given inflation, money that sits in a no or low-yield cash account (like a regular checking account) loses value.💵 If you keep $20,000 in a savings account 🏦 that offers a 1.6% annual percent yield, in the first month it will earn $27. In 5 years that interest will compound, and your balance will be $21,652, which means it will earn $1,652. 💰