Use SoFi's complimentary savings account (HYSA) calculator to estimate how much your money can grow by factoring in APY, contributions, and time.
Check out our High Yield Savings accounts and use our calculator to compare our rates to your bank’s rates.
Calculate your savings growth with our high yield savings account calculator. Input your initial deposit, recurring monthly deposits, interest rate, and savings period. Our calculator will provide...
Sofi Bank offers the best high-yield savings account in 2024, based on an industry-leading score of 4.8 out of 5.0 stars from the MarketWatch Guides team.
Maximize Your Savings with an American Express High Yield Savings Account. Featuring Competitive Interest Rates & No Fees. Open an Account Today!
Interest earned, $ 5,803.89 ; Total contributions, + $24,000 ; Initial deposit, + $10,000
A bank account with $10,000 could earn around 10 times the national average interest rate of 0.46% for savings accounts if you choose a high-yield account.
Key takeaways ; Top savings rates have been outpacing inflation, making it a good time to have your money in a high-yield savings account. ; You can still find savings accounts with APYs above 5 percent, while the rate of inflation is currently 2.5 percent. ; Having your funds in a high-yielding savings account helps maximize your money at a time when prices remain elevated on various goods and services.
Curious about high yield savings accounts? Find out what they are and how they can help you grow your savings faster.
Our savings account calculator will help you see how much interest your savings account is earning—or if it’s time to change banks to earn more.