Where to Put Your Money During a Recession | The Motley Fool (2024)

Where to Put Your Money During a Recession | The Motley Fool (1)

Member FDIC.

APY:5.10%Term:10 MonthsMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (2)

Member FDIC.

APY:4.70%Term:1 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (3)

APY:4.71%Term:1 YearMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (4)

APY:4.97%Term:9 MonthsMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (5)

Member FDIC.

APY:4.75%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (6)

APY:3.00%Term:1 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (7)

Huntington Bank Standard CD

Member FDIC.

APY:0.05%Term:1 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (8)

Freedom Bank High-Yield CDs from Raisin

Member FDIC.

APY:5.06%Term:1 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (9)

APY:3.00%Term:2 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (10)

APY:Up to 4.51%Term:3 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (11)

First National Bank Standard CD

Member FDIC.

APY:1.00%Term:3 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (12)

Freedom Bank High-Yield CDs from Raisin

Member FDIC.

APY:5.10%Term:3 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (13)

Member FDIC.

APY:2.00%Term:3 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (14)

Member FDIC.

APY:3.00%Term:3 MonthsMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (15)

Huntington Bank Standard CD

Member FDIC.

APY:0.05%Term:3 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (16)

APY:3.00%Term:3 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (17)

Member FDIC.

APY:5.00%Term:3 MonthsMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (18)

APY:3.50%Term:3 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (19)

APY:5.31%Term:3 MonthsMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (20)

APY:4.90%Term:5 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (21)

Member FDIC.

APY:1.00% - 5.00%Term:6 MonthsMin. Deposit:$250.00

Where to Put Your Money During a Recession | The Motley Fool (22)

Republic Bank of Chicago CD

Member FDIC.

APY:0.50%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (23)

Member FDIC.

APY:5.37%Term:6 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (24)

Member FDIC.

APY:5.45%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (25)

APY:3.80%Term:6 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (26)

Vanguard Brokered CD

Member FDIC.

APY:5.30%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (27)

Member FDIC.

APY:4.35%Term:6 MonthsMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (28)

NASA Federal Credit Union Share Certificate

Federally insured by NCUA.

APY:4.50%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (29)

APY:4.00%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (30)

APY:5.23%Term:6 MonthsMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (31)

Member FDIC.

APY:0.05%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (32)

Freedom Bank High-Yield CDs from Raisin

Member FDIC.

APY:5.10%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (33)

APY:4.95%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (34)

Member FDIC.

APY:3.00%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (35)

Generations Bank CD

Member FDIC.

APY:5.00%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (36)

APY:5.10%Term:6 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (37)

Fidelity CD

Member FDIC.

APY:5.45%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (38)

Salem Five Bank CD

Member FDIC.

APY:5.00%Term:6 MonthsMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (39)

Valley Bank CD

Member FDIC.

APY:4.75%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (40)

Member FDIC.

APY:Up to 5.05%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (41)

Member FDIC.

APY:4.40%Term:6 MonthsMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (42)

Bask Bank CD

Member FDIC.

APY:5.15%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (43)

First Tech CD

APY:up to 4.91%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (44)

Member FDIC.

APY:4.76%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (45)

First Internet Bank of Indiana CD

Member FDIC.

APY:5.22%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (46)

APY:3.00%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (47)

Generations Bank High-Yield CD from Raisin

Member FDIC.

APY:5.21%Term:6 MonthsMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (48)

Member FDIC.

APY:5.05%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (49)

Member FDIC.

APY:4.25%Term:6 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (50)

APY:Up to 2.51%Term:6 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (51)

APY:5.05%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (52)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:6 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (53)

All America Bank CD

Member FDIC.

APY:4.75%Term:6 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (54)

Member FDIC.

APY:5.15%Term:6 MonthsMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (55)

Member FDIC.

APY:5.00%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (56)

Member FDIC.

APY:5.00%Term:6 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (57)

First National Bank Standard CD

Member FDIC.

APY:1.00%Term:6 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (58)

APY:5.15%Term:6 MonthsMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (59)

APY:4.00%Term:6 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (60)

APY:5.00%Term:7 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (61)

First National Bank Special CD

Member FDIC.

APY:5.20%Term:7 MonthsMin. Deposit:Up to $10,000

Where to Put Your Money During a Recession | The Motley Fool (62)

APY:4.75%Term:7 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (63)

Member FDIC.

APY:5.01%Term:7 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (64)

APY:Up to 5.01%Term:7 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (65)

Huntington Bank Promotional CD

Member FDIC.

APY:5.13%Term:7 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (66)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:9 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (67)

Salem Five Bank CD

Member FDIC.

APY:5.00%Term:9 MonthsMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (68)

APY:5.10%Term:9 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (69)

Member FDIC.

APY:4.25%Term:9 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (70)

Member FDIC.

APY:5.30%Term:9 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (71)

Member FDIC.

APY:4.45%Term:9 MonthsMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (72)

APY:5.15%Term:9 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (73)

APY:4.90%Term:9 MonthsMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (74)

Member FDIC.

APY:3.75%Term:9 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (75)

NASA Federal Credit Union High-Yield Certificate

Federally insured by NCUA.

APY:5.55%Term:9 MonthsMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (76)

Freedom Bank No Penalty CDs from Raisin

Member FDIC.

APY:5.10%Term:9 MonthsMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (77)

Generations Bank High-Yield CD from Raisin

Member FDIC.

APY:5.31%Term:10 MonthsMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (78)

APY:4.75%Term:11 MonthsMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (79)

APY:3.50%Term:11 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (80)

Huntington Bank Promotional CD

Member FDIC.

APY:4.86%Term:11 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (81)

Member FDIC.

APY:4.50%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (82)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (83)

First National Bank Standard CD

Member FDIC.

APY:1.00%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (84)

APY:4.25%Term:1 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (85)

APY:5.00%Term:1 YearMin. Deposit:$5,000

Where to Put Your Money During a Recession | The Motley Fool (86)

Member FDIC.

APY:4.90%Term:1 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (87)

Member FDIC.

APY:5.00%Term:1 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (88)

Member FDIC.

APY:Up to 4.80%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (89)

Connexus Credit Union Share CD

APY:Up to 4.81Term:1 YearMin. Deposit:$5,000

Where to Put Your Money During a Recession | The Motley Fool (90)

Member FDIC.

APY:5.37%Term:1 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (91)

Member FDIC.

APY:4.76%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (92)

Member FDIC.

APY:2.75% to 3.75%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (93)

Valley Bank CD

Member FDIC.

APY:4.50%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (94)

Generations Bank CD

Member FDIC.

APY:5.20%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (95)

APY:4.00%Term:1 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (96)

APY:4.95%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (97)

APY:5.25%Term:1 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (98)

All America Bank CD

Member FDIC.

APY:4.75%Term:1 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (99)

APY:1.50%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (100)

NASA Federal Credit Union Share Certificate

Federally insured by NCUA.

APY:4.60%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (101)

First Internet Bank of Indiana CD

Member FDIC.

APY:5.35%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (102)

Member FDIC.

APY:5.15%Term:1 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (103)

Member FDIC.

APY:5.35%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (104)

APY:4.80%Term:1 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (105)

Salem Five Bank CD

Member FDIC.

APY:5.55%Term:1 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (106)

APY:5.15%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (107)

Member FDIC.

APY:0.05%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (108)

Member FDIC.

APY:4.65%Term:1 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (109)

Member FDIC.

APY:5.25%Term:1 YearMin. Deposit:$1,500

Where to Put Your Money During a Recession | The Motley Fool (110)

Bask Bank CD

Member FDIC.

APY:5.20%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (111)

Flushing Bank CD

Member FDIC.

APY:5.00%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (112)

Vanguard Brokered CD

Member FDIC.

APY:5.40%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (113)

Member FDIC.

APY:5.31%Term:1 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (114)

Member FDIC.

APY:1.00% - 4.75%Term:1 YearMin. Deposit:$250.00

Where to Put Your Money During a Recession | The Motley Fool (115)

APY:4.75%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (116)

Fidelity CD

Member FDIC.

APY:5.45%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (117)

Freedom Bank No Penalty CDs from Raisin

Member FDIC.

APY:5.15%Term:1 YearMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (118)

Republic Bank of Chicago CD

Member FDIC.

APY:0.75%Term:1 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (119)

First Tech CD

APY:up to 4.55%Term:1 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (120)

SchoolsFirst Federal Credit Union CD

Federally insured by NCUA.

APY:5.00%Term:13 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (121)

Member FDIC.

APY:5.25%Term:13 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (122)

First National Bank Special CD

Member FDIC.

APY:5.00%Term:13 MonthsMin. Deposit:Up to $10,000

Where to Put Your Money During a Recession | The Motley Fool (123)

APY:5.15%Term:13 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (124)

Member FDIC.

APY:3.50%Term:13 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (125)

Republic Bank of Chicago CD

Member FDIC.

APY:4.33%Term:13 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (126)

APY:5.25%Term:13 MonthsMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (127)

NASA Federal Credit Union High-Yield Certificate

Federally insured by NCUA.

APY:5.30%Term:15 MonthsMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (128)

Member FDIC.

APY:4.00%Term:15 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (129)

Flushing Bank CD

Member FDIC.

APY:4.60%Term:15 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (130)

Federally insured by NCUA.

APY:5.10%Term:16 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (131)

Member FDIC.

APY:5.55%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (132)

Republic Bank of Chicago CD

Member FDIC.

APY:1.00%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (133)

APY:4.80%Term:1.5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (134)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (135)

Member FDIC.

APY:5.00%Term:1.5 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (136)

APY:4.27%Term:1.5 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (137)

Bask Bank CD

Member FDIC.

APY:4.50%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (138)

Member FDIC.

APY:2.85%Term:1.5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (139)

APY:4.75%Term:1.5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (140)

First National Bank Standard CD

Member FDIC.

APY:1.00%Term:1.5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (141)

APY:4.50%Term:1.5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (142)

APY:3.25%Term:1.5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (143)

APY:4.60%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (144)

Member FDIC.

APY:2.00%Term:1.5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (145)

Member FDIC.

APY:3.00%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (146)

APY:4.90%Term:1.5 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (147)

Salem Five Bank CD

Member FDIC.

APY:4.50%Term:1.5 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (148)

First Internet Bank of Indiana CD

Member FDIC.

APY:5.07%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (149)

Member FDIC.

APY:5.06%Term:1.5 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (150)

Fidelity CD

Member FDIC.

APY:5.50%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (151)

Member FDIC.

APY:5.10%Term:1.5 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (152)

Member FDIC.

APY:4.60%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (153)

Member FDIC.

APY:4.50%Term:1.5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (154)

Member FDIC.

APY:0.05%Term:1.5 YearMin. Deposit:$250.00

Where to Put Your Money During a Recession | The Motley Fool (155)

Member FDIC.

APY:0.05%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (156)

Vanguard Brokered CD

Member FDIC.

APY:5.30%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (157)

Member FDIC.

APY:4.45%Term:1.5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (158)

APY:1.50%Term:1.5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (159)

Member FDIC.

APY:4.50%Term:1.5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (160)

Member FDIC.

APY:5.15%Term:1.5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (161)

Member FDIC.

APY:4.40%Term:1.5 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (162)

First National Bank Special CD

Member FDIC.

APY:3.50%Term:19 MonthsMin. Deposit:Up to $10,000

Where to Put Your Money During a Recession | The Motley Fool (163)

APY:3.30%Term:2 YearMin. Deposit:$5,000

Where to Put Your Money During a Recession | The Motley Fool (164)

First Tech CD

APY:up to 2.25%Term:2 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (165)

APY:1.50%Term:2 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (166)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (167)

Republic Bank of Chicago CD

Member FDIC.

APY:1.25%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (168)

Salem Five Bank CD

Member FDIC.

APY:3.25%Term:2 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (169)

Member FDIC.

APY:5.20%Term:2 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (170)

APY:4.40%Term:2 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (171)

Fidelity CD

Member FDIC.

APY:5.40%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (172)

APY:4.20%Term:2 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (173)

Member FDIC.

APY:0.05%Term:2 YearMin. Deposit:$250.00

Where to Put Your Money During a Recession | The Motley Fool (174)

Member FDIC.

APY:4.00%Term:2 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (175)

Member FDIC.

APY:0.05%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (176)

Member FDIC.

APY:4.50%Term:2 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (177)

APY:4.40%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (178)

Vanguard Brokered CD

Member FDIC.

APY:5.20%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (179)

NASA Federal Credit Union Share Certificate

Federally insured by NCUA.

APY:4.45%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (180)

Member FDIC.

APY:Up to 4.30%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (181)

Member FDIC.

APY:5.40%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (182)

Bask Bank CD

Member FDIC.

APY:4.50%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (183)

First Internet Bank of Indiana CD

Member FDIC.

APY:4.85%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (184)

APY:4.50%Term:2 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (185)

Member FDIC.

APY:4.50%Term:2 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (186)

First National Bank Standard CD

Member FDIC.

APY:1.00%Term:2 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (187)

Member FDIC.

APY:2.00%Term:2 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (188)

All America Bank CD

Member FDIC.

APY:4.25%Term:2 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (189)

Generations Bank CD

Member FDIC.

APY:4.24%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (190)

Valley Bank CD

Member FDIC.

APY:4.00%Term:2 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (191)

APY:4.50%Term:2 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (192)

Member FDIC.

APY:4.25%Term:2 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (193)

APY:4.00%Term:2 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (194)

Member FDIC.

APY:4.20%Term:2 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (195)

Member FDIC.

APY:4.65%Term:2 YearMin. Deposit:$1,500

Where to Put Your Money During a Recession | The Motley Fool (196)

Connexus Credit Union Share CD

APY:Up to 4.56%Term:2 YearMin. Deposit:$5,000

Where to Put Your Money During a Recession | The Motley Fool (197)

Member FDIC.

APY:4.80%Term:2 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (198)

Member FDIC.

APY:4.00%Term:2 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (199)

APY:4.30%Term:2 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (200)

First National Bank Special CD

Member FDIC.

APY:3.50%Term:25 MonthsMin. Deposit:Up to $10,000

Where to Put Your Money During a Recession | The Motley Fool (201)

Member FDIC.

APY:5.00%Term:25 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (202)

Member FDIC.

APY:3.75%Term:30 MonthsMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (203)

APY:1.50%Term:30 MonthsMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (204)

Member FDIC.

APY:4.75%Term:35 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (205)

First National Bank Special CD

Member FDIC.

APY:3.00%Term:35 MonthsMin. Deposit:Up to $10,000

Where to Put Your Money During a Recession | The Motley Fool (206)

Member FDIC.

APY:0.10%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (207)

First Internet Bank of Indiana CD

Member FDIC.

APY:4.75%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (208)

Fidelity CD

Member FDIC.

APY:5.15%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (209)

Vanguard Brokered CD

Member FDIC.

APY:5.15%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (210)

Member FDIC.

APY:4.00%Term:3 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (211)

Salem Five Bank CD

Member FDIC.

APY:2.00%Term:3 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (212)

Member FDIC.

APY:3.75%Term:3 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (213)

APY:4.25%Term:3 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (214)

APY:4.15%Term:3 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (215)

APY:4.00%Term:3 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (216)

Member FDIC.

APY:4.15%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (217)

Member FDIC.

APY:4.10%Term:3 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (218)

Member FDIC.

APY:4.40%Term:3 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (219)

Member FDIC.

APY:0.05%Term:3 YearMin. Deposit:$250.00

Where to Put Your Money During a Recession | The Motley Fool (220)

Republic Bank of Chicago CD

Member FDIC.

APY:1.50%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (221)

First Tech CD

APY:up to 2.45%Term:3 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (222)

APY:4.10%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (223)

APY:3.35%Term:3 YearMin. Deposit:$5,000

Where to Put Your Money During a Recession | The Motley Fool (224)

Member FDIC.

APY:5.15%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (225)

All America Bank CD

Member FDIC.

APY:3.75%Term:3 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (226)

Member FDIC.

APY:4.55%Term:3 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (227)

APY:1.50%Term:3 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (228)

Member FDIC.

APY:5.15%Term:3 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (229)

Member FDIC.

APY:2.00%Term:3 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (230)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (231)

Member FDIC.

APY:4.30%Term:3 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (232)

APY:3.00%Term:3 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (233)

APY:2.85%Term:3 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (234)

NASA Federal Credit Union Share Certificate

Federally insured by NCUA.

APY:4.35%Term:3 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (235)

Member FDIC.

APY:3.50%Term:3 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (236)

Member FDIC.

APY:4.25%Term:3 YearMin. Deposit:$1,500

Where to Put Your Money During a Recession | The Motley Fool (237)

First National Bank Standard CD

Member FDIC.

APY:1.00%Term:3 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (238)

APY:4.30%Term:3 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (239)

Member FDIC.

APY:up to 1.75%Term:37 MonthsMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (240)

Member FDIC.

APY:4.75%Term:45 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (241)

Member FDIC.

APY:4.90%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (242)

APY:1.61%Term:4 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (243)

Member FDIC.

APY:4.90%Term:4 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (244)

APY:4.05%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (245)

Member FDIC.

APY:0.15%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (246)

First National Bank Standard CD

Member FDIC.

APY:1.00%Term:4 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (247)

Republic Bank of Chicago CD

Member FDIC.

APY:1.50%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (248)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (249)

Member FDIC.

APY:3.75%Term:4 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (250)

Member FDIC.

APY:3.50%Term:4 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (251)

Member FDIC.

APY:3.95%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (252)

Member FDIC.

APY:4.15%Term:4 YearMin. Deposit:$1,500

Where to Put Your Money During a Recession | The Motley Fool (253)

NASA Federal Credit Union Share Certificate

Federally insured by NCUA.

APY:4.20%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (254)

Member FDIC.

APY:2.00%Term:4 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (255)

Vanguard Brokered CD

Member FDIC.

APY:4.30%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (256)

APY:4.20%Term:4 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (257)

All America Bank CD

Member FDIC.

APY:3.49%Term:4 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (258)

Salem Five Bank CD

Member FDIC.

APY:2.25%Term:4 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (259)

Member FDIC.

APY:4.45%Term:4 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (260)

Fidelity CD

Member FDIC.

APY:4.90%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (261)

APY:2.50%Term:4 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (262)

APY:4.00%Term:4 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (263)

First Internet Bank of Indiana CD

Member FDIC.

APY:4.54%Term:4 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (264)

APY:3.00%Term:4 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (265)

Member FDIC.

APY:4.05%Term:4 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (266)

APY:3.40%Term:4 YearMin. Deposit:$5,000

Where to Put Your Money During a Recession | The Motley Fool (267)

APY:4.00%Term:4 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (268)

NASA Federal Credit Union High-Yield Certificate

Federally insured by NCUA.

APY:4.60%Term:49 MonthsMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (269)

First National Bank Special CD

Member FDIC.

APY:3.00%Term:52 MonthsMin. Deposit:Up to $10,000

Where to Put Your Money During a Recession | The Motley Fool (270)

Member FDIC.

APY:4.75%Term:59 MonthsMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (271)

First Internet Bank of Indiana CD

Member FDIC.

APY:4.59%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (272)

First National Bank Standard CD

Member FDIC.

APY:1.50%Term:5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (273)

APY:1.50%Term:5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (274)

Member FDIC.

APY:4.45%Term:5 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (275)

Member FDIC.

APY:3.90%Term:5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (276)

All America Bank CD

Member FDIC.

APY:3.49%Term:5 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (277)

APY:3.45%Term:5 YearMin. Deposit:$5,000

Where to Put Your Money During a Recession | The Motley Fool (278)

NASA Federal Credit Union Share Certificate

Federally insured by NCUA.

APY:4.10%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (279)

Member FDIC.

APY:4.00%Term:5 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (280)

Member FDIC.

APY:4.80%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (281)

Member FDIC.

APY:0.25%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (282)

APY:4.00%Term:5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (283)

APY:4.00%Term:5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (284)

First Tech CD

APY:up to 3.55%Term:5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (285)

Member FDIC.

APY:4.00%Term:5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (286)

Republic Bank of Chicago CD

Member FDIC.

APY:1.50%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (287)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (288)

Member FDIC.

APY:0.05%Term:5 YearMin. Deposit:$250.00

Where to Put Your Money During a Recession | The Motley Fool (289)

APY:3.95%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (290)

Vanguard Brokered CD

Member FDIC.

APY:5.15%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (291)

APY:3.00%Term:5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (292)

APY:4.10%Term:5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (293)

Member FDIC.

APY:4.30%Term:5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (294)

Salem Five Bank CD

Member FDIC.

APY:2.25%Term:5 YearMin. Deposit:$10,000

Where to Put Your Money During a Recession | The Motley Fool (295)

Member FDIC.

APY:2.00%Term:5 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (296)

APY:4.00%Term:5 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (297)

Fidelity CD

Member FDIC.

APY:4.85%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (298)

Member FDIC.

APY:3.90%Term:5 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (299)

Member FDIC.

APY:4.15%Term:5 YearMin. Deposit:$1,500

Where to Put Your Money During a Recession | The Motley Fool (300)

Member FDIC.

APY:4.80%Term:5 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (301)

APY:3.25%Term:5 YearMin. Deposit:

Where to Put Your Money During a Recession | The Motley Fool (302)

Member FDIC.

APY:3.75%Term:5 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (303)

Member FDIC.

APY:3.75%Term:5 YearMin. Deposit:$0

Where to Put Your Money During a Recession | The Motley Fool (304)

First National Bank Special CD

Member FDIC.

APY:3.00%Term:61 MonthsMin. Deposit:Up to $10,000

Where to Put Your Money During a Recession | The Motley Fool (305)

Member FDIC.

APY:up to 2.00%Term:61 MonthsMin. Deposit:$1

Where to Put Your Money During a Recession | The Motley Fool (306)

Huntington Bank Standard CD

Member FDIC.

APY:0.10%Term:6 YearMin. Deposit:$1,000

Where to Put Your Money During a Recession | The Motley Fool (307)

APY:4.00%Term:6 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (308)

APY:1.50%Term:6 YearMin. Deposit:$500

Where to Put Your Money During a Recession | The Motley Fool (309)

Member FDIC.

APY:3.75%Term:7 YearMin. Deposit:$2,500

Where to Put Your Money During a Recession | The Motley Fool (310)

Member FDIC.

APY:3.75%Term:10 YearMin. Deposit:$2,500
Where to Put Your Money During a Recession | The Motley Fool (2024)

FAQs

Where to Put Your Money During a Recession | The Motley Fool? ›

Where to put money during a recession. Putting money in savings accounts, money market accounts, and CDs keeps your money safe in an FDIC-insured bank account (or NCUA-insured credit union account). Alternatively, invest in the stock market with a broker.

Where is the safest place to put your money in a recession? ›

The Bottom Line

If you're wondering where to put your money in a recession, consider a high-yield savings account, money market account, CD or bonds. They can provide safe places to store some of your savings. It's worth noting that a recession doesn't mean you should pull all your money out of the stock market.

Should I take my money out of the bank before a recession? ›

Your money is safe in a bank, even during an economic decline like a recession. Up to $250,000 per depositor, per account ownership category, is protected by the FDIC or NCUA at a federally insured financial institution.

Where does money go during a recession? ›

During recessions, one of the primary culprits responsible for money vanishing into thin air is the collapse of banks. As financial institutions crumble under the weight of bad loans and dwindling assets, they often go belly up, taking the money entrusted to them along for the ride.

Is it better to have cash or property in a recession? ›

Cash: Offers liquidity, allowing you to cover expenses or seize investment opportunities. Property: Can provide rental income and potential long-term appreciation, but selling might be difficult during an economic downturn.

Should you keep cash at home during a recession? ›

During economic downturns you want to have as much cash on hand as possible. If it is not absolutely necessary, it may be best to delay any big-ticket purchases. Big purchases, such as a car or house, typically require you to either put down a large lump sum of cash or have a hefty ongoing payment.

Where not to invest during a recession? ›

Most stocks and high-yield bonds tend to lose value in a recession, while lower-risk assets—such as gold and U.S. Treasuries—tend to appreciate.

What is the best asset to hold during a recession? ›

Still, here are seven types of investments that could position your portfolio for resilience if recession is on your mind:
  • Defensive sector stocks and funds.
  • Dividend-paying large-cap stocks.
  • Government bonds and top-rated corporate bonds.
  • Treasury bonds.
  • Gold.
  • Real estate.
  • Cash and cash equivalents.
Nov 30, 2023

Can banks seize your money if economy fails? ›

The short answer is no. Banks cannot take your money without your permission, at least not legally. The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per account holder, per bank. If the bank fails, you will return your money to the insured limit.

What happens to CD rates in a recession? ›

As rates drop, banks can also cut back on the interest they pay to savers. So you'll typically see lower rates for deposit accounts, including savings accounts, CD accounts and money market accounts, during a recession.

What makes the most money during a recession? ›

Healthcare Providers. If any industry can be said to be recession-proof, it's healthcare. People get sick in good times and bad, so the healthcare industry isn't likely to have the same level of cutbacks or job losses that other less essential businesses may experience.

Is cash King in a recession? ›

It will give them the funds to buy stocks or other assets during the decline. Because of how precious cash can be during times of financial stress, many have said that cash is king. The phrase means that having liquid funds available can be vital because of the flexibility it provides during a crisis.

Can I lose my money in a recession? ›

Recessions can impact your savings in many different ways. Lower interest rates, stock market volatility, and potential job loss can drain your savings. Diversifying your investments, building an emergency fund, and opening a high-yield savings account can help protect your savings.

How much cash should I have on hand during a recession? ›

GOBankingRates consulted quite a few finance experts and asked them this question. They all said the same thing: You need three to six months' worth of living expenses in an easily accessible savings account. The exact amount of cash needed depends on one's income tier and cost of living.

Who benefits from a recession? ›

Lower prices — A recession often hits after a long period of sky-high consumer prices. At the onset of a recession, these prices suddenly drop, balancing out previous long inflationary costs. As a result, people on fixed incomes can benefit from new, lower prices, including real estate sales.

Is it best to buy property in a recession? ›

This decreased demand means less competition for homes on the market, which in turn means sellers who are more open to lowering their prices. So buying during a recession, if you are financially able to, may get you a better deal.

How do I protect my money in a recession? ›

How to prepare yourself for a recession
  1. Reassess your budget every month. ...
  2. Contribute more toward your emergency fund. ...
  3. Focus on paying off high-interest debt accounts. ...
  4. Keep up with your usual contributions. ...
  5. Evaluate your investment choices. ...
  6. Build up skills on your resume. ...
  7. Brainstorm innovative ways to make extra cash.
Feb 22, 2024

Is it bad to have money in the bank during a recession? ›

If you have money in a checking, saving or other depository account, it is protected from financial downturns by the FDIC. Beyond that, investment products are more exposed to risk, but you can still take some steps to protect yourself. Here's what you need to know.

What is the best way to save money in a recession? ›

Consider these five preemptive strategies that may help protect your finances in a recession.
  1. Revisit your budget. Keeping close tabs on your budget is a cornerstone of good financial health, especially when inflation is high. ...
  2. Pad your emergency savings. ...
  3. Tackle debt. ...
  4. Consider staying invested. ...
  5. Maintain focus on your goals.

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Author: Rueben Jacobs

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Name: Rueben Jacobs

Birthday: 1999-03-14

Address: 951 Caterina Walk, Schambergerside, CA 67667-0896

Phone: +6881806848632

Job: Internal Education Planner

Hobby: Candle making, Cabaret, Poi, Gambling, Rock climbing, Wood carving, Computer programming

Introduction: My name is Rueben Jacobs, I am a cooperative, beautiful, kind, comfortable, glamorous, open, magnificent person who loves writing and wants to share my knowledge and understanding with you.