High Yield Savings Calculator
See what your savings could earn at today’s top rates compared with the national average.
Enter your numbers to see your results.
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How this calculator works
- It turns the APY into a monthly rate and compounds your balance each month, which matches how APY is defined.
- Monthly deposits are added at the end of each month.
- It assumes the rate stays the same. Savings rates are variable and can change at any time, so treat the result as an estimate.
- It does not include taxes. Interest is taxable income; see are high yield savings accounts taxed?
The “top rate with no rules” button uses the highest standard rate on our best high yield savings accounts list that needs no direct deposit or monthly deposits, and the national average comes from the FDIC. Both update with our weekly rate checks. For the weekly average across banks, see the BankingPicks Savings Rate Index.
Quick answers by amount
See what $1,000, $5,000, $10,000, $25,000, $50,000, $100,000 or $1 million earns at today’s rates, or how much a $10,000 CD earns.
Frequently asked questions
How is high yield savings interest calculated?
Banks pay interest based on the account’s APY, which already includes compounding. This calculator converts the APY to a monthly rate and compounds your balance each month.
How much will $10,000 earn in a high yield savings account?
At 4.40% APY, the top rate we track with no monthly rules, about $440 in a year if the rate stays the same.
Does the calculator include taxes?
No. Interest is taxable income, so your take home amount will be lower.
Can savings rates change?
Yes. High yield savings rates are variable, so actual earnings can be higher or lower than the estimate.