Savings Rate Comparison Calculator
Compare your current savings rate to high-yield alternatives. See exactly how much money you're leaving on the table with traditional bank accounts.
How to Use This Calculator
1
Enter Your Current Savings
Input your current savings account balance and the interest rate your bank is paying (check your statement or online banking).
2
Compare to High-Yield Rates
Enter a high-yield savings rate for comparison. Current rates (Dec 2025) range from 4.00% to 5.00% APY at online banks.
3
Add Monthly Contributions
If you're saving regularly, enter your monthly deposit amount to see the compound effect over time.
4
See Your Lost Interest
View the shocking difference in interest earned and understand the opportunity cost of sticking with low-rate accounts.
🚨 The Hidden Cost of Low Rates
$100,000 at Big Bank (0.03% APY)
$30/year
$100,000 at High-Yield (4.50% APY)
$4,500/year
That's $4,470/year you're giving away!
📊 December 2025 Rate Reference
Big Banks (Chase, BofA, Wells)0.01% - 0.05%
Regional Banks0.1% - 0.5%
Credit Unions0.25% - 1.5%
Online High-Yield Savings4% - 5%
Money Market Accounts4% - 5.25%
6-Month CDs4.25% - 5%
1-Year CDs4% - 4.75%
Treasury Bills (4-week)4.25% - 4.5%
I Bonds (Nov 2024 rate)3.11%
Frequently Asked Questions
Large traditional banks like Chase, Bank of America, and Wells Fargo have high overhead costs (branches, staff, marketing) and don't need to compete on rates because they rely on customer inertia and convenience. They know most customers won't switch despite earning 0.01-0.05% APY when online banks offer 4-5% APY. The difference on $50,000 is over $2,000/year in lost interest!