Banking
September Fed meeting preview: How big will the Fed’s first interest rate cut be?
8 min read
Recession watch
Will the U.S. economy soon be in a recession? It's the trillion-dollar question that even experts don't know the answer to. Here's how to prepare for a potential downturn, and how one could impact you.
Insights from our expert analysts
“Economic uncertainty is a time for reducing debt and boosting savings, not the other way around.”
Do's and don'ts of saving during a recession
To help you navigate saving during a recession, we asked a number of experts what some of the most helpful things to do are, as well as some things you should try to avoid at all costs.
Learn more
Recessions & your money
Should you buy a house during a recession?
Real Estate
How might a recession affect the housing market?
Here are some tips to help make sure your retirement savings are protected in the event of a recession.
The once-booming labor market is starting to face some trouble.
Experts in all things finance
Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.
About Bankrate
Chief Financial Analyst
Principal U.S. Economy Reporter
Senior Economic Analyst
Editor's picks
4 best investments to weather a recession
7 min read
Calculate your savings
Use our Savings Calculator to help you quickly and accurately estimate the growth of your investment. Set a goal and figure out how much you need to save each month to hit the mark.
Months
Years
Total savings breakdown: | ||
| Interest earned | $ 5,803.89 | |
| Total contributions | + $24,000 | |
| Initial deposit | + $10,000 | |
Your total savings
$
39,803.
89
The average APY in the U.S. is 0.6%. Enter an APY to see how much you can save, or choose an APY from one of our partners.
Latest articles
JPMorgan raises recession probability to 50%. Learn five practical steps to protect your savings before economic conditions worsen.
Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
A new credit card, timed right and used strategically, can help you fight high prices.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
The Fed’s rate hold means loans costs are sticking. Here’s what it means for your business.
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
The Fed has hit the pause button on rates. How will it affect the housing market?
The trusted provider of accurate rates and financial information