Bloomberg Wealth: Where to Earn 7.12% on Your Savings

So you think 0.5% is the best you can get for your extra cash?

Chances are, if you were able to sock away some money during the pandemic, you’re still holding onto a lot of it. Calculations by Bloomberg Economics show that U.S. consumers have simply not been drawing down their savings. Excess savings in euro-area bank balances declined only marginally in August, and Italy actually recorded an increase.