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 calculates 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 (%)

The total amount of money put into investments or set aside for future use.

The annual return rate of a savings account refers to the percentage of interest earned on the account balance over a year.

High Yield Savings Account Definition

A High Yield Savings Account is a type of savings account that offers a higher interest rate compared to traditional savings accounts.

It is important because it allows individuals to earn more money on their savings over time, helping them to reach their financial goals faster.

High Yield Savings Account Example

How to calculate a high yields savings account return?

  1. First, determine the total amount saved.

    Calculate the total amount in the savings account.

  2. Next, determine the annual rate.

    Determine the annual interest rate earned.

  3. Finally, calculate the high yield savings return.

    Calculate the total return using the equation above.


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