What should I do with my cash savings?

With inflation running higher than the interest rates provided by most banks, cash accounts can rapidly lose value. What does that mean for emergency savings funds? Brooke Masters, the FT’s US financial editor, speaks to investing columnist Moira O'Neill, and Georgia Lee Hussey, founder of wealth management company Modernist Financial, about how much savings to have in cash and where to keep it - both in the UK and the US.Want more?Keep up with the latest from Brooke on FT.com and follow her on Twitter @brookeamastershttps://www.ft.com/brooke-masters?segmentId=09d1c097-c0ef-7dd1-2d95-bfc6eb43e74eCheck out Moira’a latest column herehttps://www.ft.com/content/e04ddbf1-bf9c-490c-94ac-657743d55c25?segmentId=09d1c097-c0ef-7dd1-2d95-bfc6eb43e74eFor more from Georgia, check out the Modernist Financial websiteIf you’d like to talk to Claer about a future episode, please email the Money Clinic team at money@ft.com with a short description of your problem, and how you would like us to help. Presented by Claer Barrett. Produced by Persis Love. Our executive producer is Manuela Saragosa. Sound design is by Jake Fielding and Breen Turner, with original music from Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

The FT’s money-making expert Claer Barrett responds to real-life money questions from a range of millennial guests gearing up to battle the cost of living crisis. Every episode is packed with nuggets, tips and takeaways shared by top FT writers and financial experts. There are no short cuts to wealth, but Money Clinic promises to tell you things you didn’t know about your finances and investing in ways that anyone can understand. Want to talk to Claer on the show? Email money@ft.com or drop her a line on Instagram @Claerb Hosted on Acast. See acast.com/privacy for more information.