Cash Management
HYSA vs. Traditional Bank
How much is your bank costing you? See exactly how much free money you're leaving on the table by not using a High-Yield Savings Account.
Your Savings
Interest Rates (APY)
Free Money Lost
$3,226
Over 5 years, keeping your money in a traditional bank instead of a HYSA will cost you $3,226 in lost compound interest.
Balance Breakdown
HYSA (4.5%)$19,233
Interest Earned: $3,233
Traditional (0.01%)$16,006
Interest Earned: $6
Why the massive difference? Traditional brick-and-mortar banks pay practically zero interest (0.01%) because they have huge overhead costs. Online High-Yield Savings Accounts (HYSAs) pass those savings on to you, offering 400x to 500x higher interest rates while still being FDIC insured.