How Much Interest Will You Earn?
Calculate interest earned on savings. Compare HYSA, CDs, and money market accounts.
High-Yield Savings in 2026
The best high-yield savings accounts (HYSAs) currently offer 4.0-5.0% APY — dramatically higher than the 0.01-0.50% at traditional banks. On a $25,000 balance, the difference between a 0.5% traditional account and a 4.5% HYSA is approximately $1,000/year in interest. Every dollar in a traditional savings account is leaving money on the table.
HYSA vs CDs vs Money Market
HYSA: Liquid (access anytime), variable rate, FDIC insured. Best for emergency funds and short-term savings. CDs: Fixed rate for a set term (3-60 months), early withdrawal penalty. Best when you want to lock in a rate. Money Market: Similar to HYSA but may offer check-writing. Rates are comparable. All three are FDIC insured up to $250,000 per depositor per bank.
The single best financial move most Americans can make today: move their emergency fund from a traditional savings account (0.01-0.50% APY) to a high-yield savings account (4.0-5.0% APY). On a $10,000 emergency fund, this earns an extra $400-500/year in interest with zero additional risk. It takes 15 minutes to open an account online.
