High-Yield Savings Calculator
Calculate earnings from high-yield savings accounts and compare to regular savings
High-Yield Savings Calculator
Final Balance
$91,269
Total amount after interest
Total Contributions
$70,000
Your deposits over time
Total Interest Earned
$21,269
High-yield interest earned
vs Regular Savings (0.01% APY)
$17,143
Additional earnings with high-yield account
Growth Over Time
About High-Yield Savings Accounts
High-yield savings accounts offer significantly higher interest rates than traditional savings accounts, often 10-50x more. These accounts are FDIC-insured (up to $250,000) and provide easy access to your money while earning competitive returns.
Key Benefits:
- Higher Interest Rates: Currently 4-5% APY vs 0.01% for regular savings
- FDIC Insured: Your deposits are protected up to $250,000
- No Lock-In Period: Access your money anytime without penalties
- Compound Interest: Earn interest on your interest monthly
Example Calculation:
With a $10,000 initial deposit and $500 monthly contributions at 4.5% APY for 10 years, you'll earn $21,269 in interest. That's $17,143 more than a regular savings account!
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