Yes. Legitimate online banks are FDIC members, insuring deposits up to $250,000 per depositor, per insured bank. Online accounts offer higher APYs because digital banks have lower branch overhead.
Savings Calculator · 2026
Savings & Certificate of Deposit Calculator 2026
Calculate interest earned on high-yield savings accounts and CDs. Compare payout options and bank rates with precision.
$90,000.00
%/yr
Deposit Channel
Savings & Deposit Interest Calculator
Total Interest Earned
+$5,895.00
6.55% / yr (12 months)
Total Estimated Payout (Principal + Interest)
$95,895.00
Average Monthly Interest
~$491.00 / mo
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Compare Real Interest Across Top US Banks
Based on latest 12 CD and high-yield savings benchmarks.
Morgan Stanley Bank
6.29% / /yr
Total Interest Earned
+$5,841.00
Citibank
7.125% / /yr
Total Interest Earned
+$6,597.00
Capital One
6.35% / /yr
Total Interest Earned
+$5,895.00
Goldman Sachs (Marcus)
6.35% / /yr
Total Interest Earned
+$5,895.00
Wells Fargo
7% / /yr
Total Interest Earned
+$6,480.00
Discover Bank
6.35% / /yr
Total Interest Earned
+$5,895.00
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Quick answers to common questions about loan calculations and repayment scenarios.
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