High-Yield Savings Calculator
See how much more a high-yield savings account earns vs. a typical big-bank account.
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Inputs
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%
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Difference
$3,909.90
HYSA: $18,917.40 vs Traditional: $15,007.50
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How it works
Both accounts use FV = P(1+APY)^years. The gap is the cost of leaving money in a low-rate account.
Frequently asked questions
Where should I park savings?
Short-term goals: high-yield savings or short CDs. Long-term: a diversified portfolio.
How big should my emergency fund be?
Most planners suggest 3–6 months of essential expenses, more if income is variable.
What's APY?
Annual Percentage Yield — the rate including compounding. Always compare APYs, not APRs.
Are bank accounts safe?
FDIC-insured accounts are protected up to $250,000 per depositor per bank per ownership category.
Should I lock money in a CD?
Only if you don't need it during the term — early withdrawals carry penalties.
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