High Yield Savings Calculator
See how much more your money earns in a HYSA versus a traditional savings account.
Parameters
Results
Enter values to compare against the national average.
Growth projection
Current HYSA rates
Click a rate to apply it to the calculator.
Glossary — key HYSA terms
HYSA
A savings account at an online bank that pays significantly more than a traditional account. FDIC insured up to $250,000.
APY
Annual Percentage Yield — the real return including compounding. Higher APY means faster growth.
APR
The base rate before compounding. APY is always equal to or greater than APR for the same account.
Compounding
Earning interest on your principal and on interest already earned. Time is the most powerful variable in any savings plan.
Initial deposit
The lump sum you deposit when opening. Everything else compounds on top of this.
Recurring contributions
Regular deposits after opening. Each one starts earning immediately, significantly accelerating total growth.
For educational purposes only. APY rates fluctuate and are not guaranteed. FDIC insurance applies per depositor per institution up to $250,000. Always verify rates with your financial institution. Not financial advice.