Savings Account Comparison
See how much more your money earns in the right account
Your Numbers
$
$
10 years
1 yr10 yrs
Interest Rates (APY)
0.46%
Typical range: 0.01% – 0.50%
National avg: ~0.46%
1.50%
Typical range: 0.50% – 2.50%
National avg: ~1.50%
4.00%
Typical range: 3.00% – 5.00%
Typical range (rates vary by bank & change over time)
With a High-Yield Savings Account you'd earn
$9,332 more
vs. a regular checking/savings account over 10 years
Checking / Savings
Traditional bank account
$35,026
Interest earned: $1,026
APY: 0.46%
Money Market
Higher than savings, FDIC insured
$37,493
Interest earned: $3,493
APY: 1.50%
High-Yield Savings
Online banks & fintechs
$44,358
Interest earned: $10,358
APY: 4.00%
Balance Over Time
Starting with $10,000 + $200/mo contributions
- Checking / Savings
- Money Market
- High-Yield Savings
Total Contributed
$34,000
HYSA Interest Earned
$10,358
HYSA vs Checking Gap
+$9,332
HYSA vs Money Market Gap
+$6,865