High Yield Savings Account Calculator
See how much a high-yield savings account (HYSA) earns compared with a regular savings account.
🇺🇸 Built for United States
How to use the High Yield Savings Account Calculator
- Enter initial deposit.
- Enter monthly deposit.
- Enter high-yield apy.
- Enter regular savings apy.
- Enter years.
- Your results update instantly: r1, r2, high-yield balance, interest earned.
What is a high-yield savings account?
A high-yield savings account (HYSA) pays much more interest than a typical bank savings account – often 10× the national average – while staying FDIC or NCUA insured up to $250,000 per depositor, per bank.
APY explained
Annual Percentage Yield shows what you earn in a year including compounding. $10,000 at 4.00% APY earns $400 in a year.
Is a HYSA right for you?
- Great for emergency funds and short-term goals (house deposit, car, travel).
- Rates can fall when the Federal Reserve cuts rates.
- For money you won’t need for 5+ years, investing may grow faster, with more risk.
Frequently asked questions
Is interest on a high-yield savings account taxed?
Yes, as ordinary income. Your bank sends Form 1099-INT if you earn $10 or more.
Are high-yield savings accounts safe?
Yes, if the bank is FDIC insured or the credit union NCUA insured, up to $250,000.
Last updated 15 November 2026. Results are estimates for general information and are not financial, tax, legal or medical advice.
