And higher rates on loans just means that it costs the loanee MORE money to borrow; not anything at all re the strength of the currency!
What about checking accounts, as that is all I have, rest of my little bit of money is tied up in Annuities, which are tied up in Trust funds in case of death. I maintain the checking account to pay bills and and for my SS check. Use Discover or Visa for purchases under $10. Don’t carry very much cash. Tip money or under $5 purchases type.
Savings accounts or CD’s don’t make enough interest to be worth while since DUMBO became president.