Compare savings rates, calculate APY, find the right account.
Free calculators for compound interest, savings goals, and CD ladders. Side-by-side comparisons of US savings products with FDIC, FDIC-via-sweep, and US Treasury backing. Math you can audit. Sources you can verify.
Calculators
All calculators →APY Calculator
Project how much a high-yield savings account will earn over time.
Compound Interest
Compare compounding frequencies and project growth on any deposit.
Savings Goal
Reverse-solve for the monthly contribution needed to hit a target.
CD Ladder
Plan a CD ladder for steady access to cash without sacrificing yield.
Top high-yield savings accounts
All rates →Rate environment · as of 2026-05-21
Current US high-yield savings account rates
3.80% – 4.10% APY
Typical range across leading online high-yield savings accounts. Rates change frequently — verify the current rate at the institution before opening an account.
See top banks →Top US online savings banks
Current rates at these banks may fall outside the range shown above — verify at the institution.
SoFi Checking & Savings
- · Direct deposit bonus eligible
- · FDIC insured via partner banks
- · No monthly fee
Marcus by Goldman Sachs
- · Same-day transfers (limits apply)
- · No minimum balance
- · No monthly fee
American Express National Bank
- · No minimum balance
- · Telephone customer service
- · No monthly fee
These are widely-recognized banks offering high-yield savings accounts. APYCalculator does not earn commissions on links from this site and is not affiliated with any of these institutions.
Savings account types
All accounts →HYSA
3.5–5.0%
High-Yield Savings Account
Compare current high-yield savings account rates from major US banks. Learn how HYSAs work, how FDIC insurance…
CD
4.0–5.0%
Certificate of Deposit
Compare current CD rates by term length. Learn how CDs work, when they make more sense than a high-yield savin…
MMA
3.0–4.8%
Money Market Account
Compare money market account rates and features. Understand the difference between FDIC-insured money market a…
CMA
2.0–5.0%
Cash Management Account
Cash management accounts from Wealthfront, Betterment, Fidelity, and Schwab use sweep models to expand FDIC co…
T-Bills
4.0–5.0%
Treasury Bills (T-Bills)
Treasury bills are short-term US government debt sold at a discount. Compare T-bill yields, learn the state-ta…
In-depth guides
All guides →fundamentals · 3 min
APY vs APR: How They Differ and When Each Matters
A clear, math-driven explanation of the difference between APY and APR, with worked examples for savings, loans, and credit cards.
safety · 3 min
FDIC and CDIC Insurance: What Is and Is Not Covered
A practical guide to deposit insurance in the US (FDIC) and Canada (CDIC) — coverage limits, ownership categories, and what to do if you exceed the limit.
strategy · 4 min
When CDs Beat High-Yield Savings Accounts
CDs lock your rate; HYSAs lock nothing. The framework for deciding which is right given the rate environment, your time horizon, and liquidity needs.
tax · 4 min
How Savings Interest Is Taxed in the US and Canada
How interest from savings accounts, CDs, money market accounts, and Treasury bills is taxed federally and at the state/provincial level, with guidance on tax-advantaged accounts.
Frequently asked questions
What is APY and how is it different from APR?+
APY (Annual Percentage Yield) is the actual yearly return on your savings, accounting for compound interest within the year. APR (Annual Percentage Rate) is the simple annual rate before compounding. US federal law requires savings products to advertise APY (Truth in Savings Act) and loans to advertise APR (Truth in Lending Act).
How do I pick between an HYSA, a CD, a money market account, and a cash management account?+
In broad strokes: HYSA for emergency funds and general savings (full liquidity, variable rate). CD for known-date savings (rate lock, early withdrawal penalty). Money market for savings with check-writing. Cash management for balances above the $250k FDIC limit (sweep model expands coverage). T-bills for high-tax-state savers (state-tax exempt). Use the account-type guides for the full comparison.
Are these rates verified?+
No — every rate on the site is currently marked as a sample rate that needs verification at the institution. We display them with an amber "verify" badge. Before opening any account through our links, click through to the bank or broker and confirm the current advertised APY.
How does APYCalculator.com make money?+
Display advertising (Google AdSense) and affiliate commissions when readers open accounts through partner links. Affiliate links are labeled "Sponsored" and use rel="sponsored" per FTC guidelines. The math in our calculators and the editorial recommendations in our guides are not paid placements.