Inflation & Rates
If rates drop by 0.5%, what changes for me?
See the impact of a rate cut on loans, credit cards, and savings in plain English.
Try the calculator
Start with your biggest balances.
What this means
Rate cuts lower borrowing costs but also reduce savings interest. The effect depends on your mix of debt and cash.
What to do next
If your savings drop but loan costs fall, consider paying debt faster or refinancing if the savings are meaningful.
FAQ
Does this predict the future?
No. It shows how your payments would change if rates moved by the amount you enter.
Should I refinance based on this?
Use the refinance break-even calculator to make a final decision.