High Yield Savings Calculator

High-Yield Savings Account Growth

High-yield savings accounts (HYSAs) offer significantly higher interest rates than traditional savings accounts. In 2026, leading HYSAs offer 4-5% APY compared to the national average of 0.46%. The difference compounds dramatically over time through the power of compound interest.

Compound Interest in Action

Depositing $10,000 in a HYSA with 4.5% APY and adding $500 monthly would grow to approximately $38,000 after 5 years, with over $6,000 earned in interest alone. A traditional savings account at 0.1% APY would yield just $35 in interest over the same period.

Best HYSA Features to Compare

• APY rate: Look for accounts consistently paying top-tier rates
• No monthly fees: Most online HYSAs have zero maintenance fees
• No minimum balance: Many accounts have no minimum deposit requirement
• FDIC insured: Verify the institution is FDIC-insured up to $250,000
• Easy transfers: Fast ACH transfers and mobile check deposit