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Current Economic Indicators (December 30, 2025)
- 30-Year Fixed Mortgage: ~6.20%
- High-Yield Savings APY: Up to 5.00%
- Annual Inflation Rate: ~2.7%
- Average New Auto Loan: ~7.0%
- Historical S&P 500 Return: ~10% (nominal)
Approximate values from sources including Freddie Mac, Bankrate, and BLS. Rates change frequently—verify with providers.
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High-Yield Savings Accounts
Compare top APYs (up to ~5.00%) at Bankrate or NerdWallet.
Mortgage Rates & Lenders
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Auto Loans
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Financial Health Blog
Educational articles on personal finance topics. Expand to read full content.
The Power of Compound Interest: Building Long-Term Wealth
Compound interest is often referred to as the "eighth wonder of the world" due to its ability to exponentially grow savings over time. It calculates interest on both the initial principal and the accumulated interest from previous periods.
The formula is A = P(1 + r/n)^(nt), where P is principal, r is annual rate, n is compounds per year, and t is time. Use the Compound Interest Calculator to explore scenarios.
Starting early is crucial: $10,000 at 7% compounded monthly over 30 years grows to over $76,000 without additional contributions.
Strategies include using high-yield savings (up to 5.00% APY currently), retirement accounts, and automatic reinvestment.