The best savings account I can find is Ally at 1.15% APY, but inflation is currently at 1.6% so why should I use a savings account?

Basically title. I am looking to finally open a savings account and noticed this. In the end I am basically losing money. Can I use an index fund account or an ETF for the same purpose?

Submitted August 07, 2017 at 08:22AM by Dance_Monkee_Dance http://ift.tt/2fmeqfc