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By:
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Anders Bylund - MortgageLoan.com | 09/19/2008 - 12:44am
A regular savings account is hardly the safest choice. A standard one with a major U.S. bank today brings a 0.2 percent annual interest rate. But inflation is running amok at 5 percent. In other words, your carefully stashed $100,000 will be worth less than that in next year's dollars, or about $95,200 after accounting for interest and inflation.