Rate Gap Calculator — What Your Bank Costs You
See exactly how much your bank costs you per year. Most savers lose $500–$1,000+ annually to low rates. The average account pays 0.38% — the best high-yield savings accounts pay 4.40%.
You earn 0.38% on $25,000, but the best high-yield savings account pays 4.40%.
That is a leak of $1,005 per year, or $10,050 over a decade.
See best high-yield savings rates todaySwitch to a top high-yield savings account and earn $1,005 more per year on your balance. The switch takes under 10 minutes online with no credit pull and same FDIC protection. The 4.02% gap won't close on its own.
This is an educational estimate, not tax, legal, investment, or lending advice. Confirm with a qualified professional or the provider before acting.
Recommended next move
Turn the result into a savings decision.
If the calculator shows a meaningful gap, compare current high-yield savings accounts or run Money Map to see whether savings is your biggest opportunity.
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FDIC insured
High-yield savings accounts carry the same $250K FDIC protection as any big bank. Your money is safe.
8 minutes to switch
Opening a top savings account takes under 10 minutes online. No branch visit. No paperwork. Most fund same-day.
No credit impact
Switching savings accounts does not trigger a hard credit pull. It has zero effect on your credit score.
Frequently Asked Questions
Everything you need to know.
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Why This Matters
The national average savings account pays 0.38% APY. The best high-yield savings accounts pay 4.40%. On $25,000, that gap is $1,005 per year — for doing nothing except switching accounts.
How to Use It
- 1Enter your current savings balance
- 2Enter your current APY (check your bank app or last statement)
- 3Enter the best available rate — we show live rates below
- 4See your annual Rate Gap and 5-year opportunity cost
Find the best account for this goal
Money Map matches your numbers to the strongest available accounts in 90 seconds.
Ready to take the next step?
Compare rates, run Money Map, or explore the full SwitchWize toolkit.