Savings Interest Comparison
Compare how much interest you'd earn across different savings accounts, money market accounts, and CDs at various APY rates.
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$0
Traditional Savings
$0
High-Yield Savings
$0
Money Market
$0
CD
$0
Extra Earned (Best vs Traditional)
Where to Park Your Cash
Traditional savings: 0.01-0.1% APY. Your money barely keeps up with fees, let alone inflation. High-yield savings: 4-5% APY at online banks. Fully liquid with FDIC insurance. Best for emergency funds. Money market: 4-4.5% APY. Similar to HYSA but may offer check-writing and debit card. CDs: 4.5-5.2% APY for 6-12 months. Locked rate but early withdrawal penalty. Best when you can commit for a fixed term. For longer investments, compare with our Compound Interest Calculator. Build your safety net with our Emergency Fund Calculator.
Frequently Asked Questions
How much interest will $25,000 earn in a year?
At 0.05% (traditional): $12.50. At 4.5% (high-yield): $1,148. The difference is over $1,100 — essentially free money by switching to a high-yield account.
Are high-yield savings accounts safe?
Yes — they're FDIC insured up to $250,000 per depositor, per bank. The only difference from traditional banks is that online banks have lower overhead, allowing them to offer higher rates.