Calculate your ideal emergency savings goal based on monthly expenses and coverage period (recommended: 3-6 months).
Build financial security with our free emergency fund calculator. Enter your monthly expenses and desired coverage months to get your savings target instantly. Includes tips, high-yield savings options, and a downloadable PNG report for easy sharing. No signup needed.
Emergency Fund = Monthly Expenses Ă— Coverage Months
Monthly Expenses: $3,000 | 3 Months → Emergency Fund: $9,000
Maximize your emergency fund with these competitive rates. Rates subject to change—verify with providers.
| Bank/Institution | APY | Minimum Deposit | Notes |
|---|---|---|---|
| Digital Federal Credit Union | 5.50% | $0 | 5.50% on first $1,000; lower on balances over |
| Varo Bank | 5.00% | $0 | No fees, easy mobile banking |
| AdelFi | 5.00% | $25 | Credit union with faith-based focus |
| Fitness Bank | 4.75% | $100 | Requires fitness tracking for full rate |
| Pibank | 4.60% | $0 | Online-only, competitive rate |
| Axos Bank | 4.66% | $250 | No monthly fees |
| SoFi | 3.80% | $0 | With direct deposit; otherwise 1.20% |
| Synchrony Bank | 3.80% | $0 | ATM access, no fees |
Pair with CAGR & IRR Calculator for investment planning.
A cash reserve for unexpected expenses like job loss or medical bills.
3-6 months for stable jobs; 6-12 for freelancers or high-risk careers.
Earn more interest (up to 5.50% APY) while keeping funds liquid and FDIC-insured.
PNG report includes your calculation and https://www.easysmartcalculator.com for reference.
Yes, all calculations are client-side—no data stored.