Inflation is surging again. These 2 savings accounts will help you outpace it.

MoneyWatch: Managing Your Money Inflation is surging again. These 2 savings accounts will help you outpace it. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson June 11, 2026 / 1:40 PM EDT / CBS News Add CBS News on Google There are two primary savings account types that will help savers outpace today's rising inflation rate. twomeows/Getty Images It may not have been unexpected, but it was still jarring to see. Inflation is now over 4% again, a Wednesday report revealed, and is currently sitting at its highest level since April 2023. At 4.2%, the rate is more than two full percentage points above the Federal Reserve's target 2% goal. That not only erases the possibility of an interest rate cut anytime soon, but it's also now raising the prospect of an interest rate hike later this year, especially if this pattern continues in the second half of 2026.While millions of Americans were already feeling this impact when filling up their gas tank or grocery shopping, this latest report underscores the importance of protecting and, ideally, growing your money in this economy. And while your ability to hedge against rising inflation will be limited, there are still effective ways to outpace it with the funds you already have. Right now, two specific savings accounts can help you do just that. Below, we'll examine both.Start by seeing how much interest you could be earning with a high-rate CD account here.2 savings accounts that outpace today's surging inflation rateAt 4.2% currently, keeping your sav...