2 generous ASX dividend shares to beat low rates

On Tuesday the Reserve Bank met for the first time in 2021 to decide on the cash rate.

Although the central bank decided against cutting rates at this meeting, that doesn’t mean a rate hike is coming any time soon.

Unfortunately for income investors, the Reserve Bank reiterated that it doesn’t believe conditions will allow for a rate increase until 2024 at the earliest. This is likely to mean that low interest rates are here to stay for some time to come.

The good news is that the Australian share market continues to offer income investors plenty of ways to avoid these low rates.

Two ASX dividend shares, for example, that have generous dividend yields are listed below. Here’s why you need to know about them:

Accent is the…