💸 Opportunity Cost Calculator
See exactly how much you're losing by keeping savings in a low-rate account — and what you'd earn at today's best rates.
Your account earns annually—
Best HYSA earns annually—
Money left on table each year—
Total opportunity cost over 3 years—
Balance with best HYSA after 3 years—
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Why Rates Are Where They Are
HYSA rates track the Federal Reserve's federal funds rate. When the Fed raises rates to fight inflation (2022–2023), savings rates follow. When the Fed cuts rates, HYSA rates decline within weeks. Online banks consistently offer 10-20× higher rates than traditional banks because they have no branch overhead to cover.
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Are These Accounts Safe?
All banks and credit unions listed are FDIC or NCUA insured up to $250,000 per depositor, per institution. Your money is as safe as any major bank — often safer, since online banks tend to have stronger balance sheets than community banks. The FDIC has never failed to fully reimburse an insured depositor in its 90-year history.
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HYSA vs CD: Which Is Better?
HYSAs: flexible, no penalty for withdrawal, rate can change anytime. CDs: rate is locked for the term (3 months to 5 years), early withdrawal penalty (typically 3-6 months interest), slightly higher rates. Use HYSA for emergency fund and short-term savings. Use CDs for money you won't need for 12+ months at a known date.
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The CD Ladder Strategy
Instead of putting all savings in one CD term, split across 4 CDs maturing every 3 months. When each matures, roll it into a new 12-month CD. Result: you always have a CD maturing in 3 months (liquidity) while capturing higher 12-month rates (yield). This strategy balances liquidity and rate optimization.
⚠️ Rates are researched and updated regularly but may not reflect real-time changes. Always verify current rates directly with the institution before opening an account. Rates change frequently. This page does not constitute financial advice.