High Yield Savings Account Calculator

Enter the total savings amount and the savings rate into the calculator to determine the annual return of a high yield savings account.

High Yield Savings Account Formula

The following formula is used to calculate the annual return on a high yield savings account.

R = I * APY

  • Where R is the total annual return ($)
  • I is the invested or saved amount ($)
  • APY is the annual return rate of the savings account (%)

FAQ

What is a high yield savings account?

A high yield savings account is a savings account that returns a high % return on the money saved when compared with other accounts.

What is a high % return?

Typically high yield savings account generates a .50% – 1% return, with some offering even higher than 1%.

high yield savings account calculator

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