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 (%)

High Yield Savings Account Definition

A high yield savings account is a savings account that returns a higher than average return on the money deposited.

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.

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