High-Yield Savings Account
A high-yield savings account (HYSA) is a federally insured savings account that pays far more interest than a typical big-bank account — often 8 to 10 times the national average. Online banks offer them because they skip branch costs, not because they take more risk with your money.
HYSAs are ideal for emergency funds and short-term goals: the money stays FDIC-insured up to $250,000, instantly accessible, and growing. Rates float with the Federal Reserve, so the advertised APY can change — but your principal is never at market risk.
Put it to work
Savings Calculator
Watch your savings account grow: enter your balance, monthly deposit, and APY to see the future value and every dollar of interest along the way.
Savings Goal Calculator
Two answers for any savings goal: the monthly deposit that hits your target on time, and when you'd get there at your current saving pace.
Emergency Fund Calculator
Size your emergency fund from your real monthly expenses, see the gap, and get the date you'll be fully funded at your current saving rate.