This Is How Much Money You Can Make With $30K in a High-Yield Savings Account

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Having extra money stashed away can make it easier to deal with emergencies or unexpected bills. If you have money saved up in an emergency fund, make sure you’re earning interest. Keeping your extra savings in a high-yield savings is a good way to maximize the interest you earn while your money sits in the bank.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Got $30,000 saved up? I’ll show you how much you can earn from interest by keeping it in a high-yield savings account for a year.Earn more with a high-yield savings accountMany banks offer savings accounts, but they’re not all equal. Banks with savings accounts that earn interest use an annual percentage yield (APY) to describe the returns a customer can expect if they keep their money in their savings account for a year.If you have a savings account, it’s essential to review the APY so you know what to expect. It’s common for brick-and-mortar banks to offer low APYs for their savings accounts. Your small, local bank may offer as little as 0.01% APY. At that meager rate, you won’t earn much.But the good news is a high-yield savings account can be more rewarding. Many banks offer rates of 4.00% or higher for these accounts.To calculate how much interest you’ll earn, multiply your initial deposit ($30,000) by the APY your bank account offers. Doing this will show you how much you’d make if you kept your cash in the bank for a year.For the below calculations, I used a 0.01% APY for a standard savings account and a 4.00% APY for a high-yield savings account. Many high-yield savings accounts have APYs ranging from 4.00% to 5.00%.The below calculations assume a $30,000 deposit with no additional deposits made to your account:Account TypeInterest Earned After One YearSavings account, 0.01% APY$3.00High-yield savings account, 4.00% APY$1,200Data source: Writer’s calculationsEarning $1,200 instead of $3 is a huge win.Want to boost your savings? To achieve your savings goals faster, consider one of the top high-yield savings accounts from this curated list.Compound interest is on your sideAs you can see, you can earn a significant amount of cash by stashing $30,000 in the bank for at least a year. But you can earn even more thanks to compound interest, which is interest that you earn on interest. The longer your cash remains in your bank account, the more you’ll earn.To better illustrate how you can benefit from compound interest when you have a savings account, let’s explore how much money you’ll earn if you keep $30,000 in a high-yield savings account for anywhere from one to five years.Again, the calculations below assume you make no additional contributions beyond your initial deposit. You’ll earn even more if you continue to deposit additional money into your account.Here’s a breakdown of the potential earnings:YearStarting BalanceInterest EarnedEnding Balance1$30,000$1,200$31,2002$31,200$1,248$32,4483$32,448$1,297.92$33,745.924$33,745.92$1,349.84$35,098.765$35,098.76$1,403.95$36,502.71Data source: Writer’s calculationsThat’s $6,502.71 earned in five years, assuming the APY doesn’t change. Keep in mind that APYs can change over time, so your APY likely won’t remain the same rate forever.Do this to earn more interestSaving $30,000 is a massive accomplishment; you should be proud of all your hard work. But don’t miss out on an easy way to boost your savings account balance by earning interest. You can earn more money by stashing your extra cash in a high-yield savings account with a competitive APY. If you’re not currently earning at a great rate, consider opening a high-yield savings account. Every extra dollar you earn makes a big difference.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

Having extra money stashed away can make it easier to deal with emergencies or unexpected bills. If you have money saved up in an emergency fund, make sure you’re earning interest. Keeping your extra savings in a high-yield savings is a good way to maximize the interest you earn while your money sits in the bank.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

Got $30,000 saved up? I’ll show you how much you can earn from interest by keeping it in a high-yield savings account for a year.

Earn more with a high-yield savings account

Many banks offer savings accounts, but they’re not all equal. Banks with savings accounts that earn interest use an annual percentage yield (APY) to describe the returns a customer can expect if they keep their money in their savings account for a year.

If you have a savings account, it’s essential to review the APY so you know what to expect. It’s common for brick-and-mortar banks to offer low APYs for their savings accounts. Your small, local bank may offer as little as 0.01% APY. At that meager rate, you won’t earn much.

But the good news is a high-yield savings account can be more rewarding. Many banks offer rates of 4.00% or higher for these accounts.

To calculate how much interest you’ll earn, multiply your initial deposit ($30,000) by the APY your bank account offers. Doing this will show you how much you’d make if you kept your cash in the bank for a year.

For the below calculations, I used a 0.01% APY for a standard savings account and a 4.00% APY for a high-yield savings account. Many high-yield savings accounts have APYs ranging from 4.00% to 5.00%.

The below calculations assume a $30,000 deposit with no additional deposits made to your account:

Earning $1,200 instead of $3 is a huge win.

Want to boost your savings? To achieve your savings goals faster, consider one of the top high-yield savings accounts from this curated list.

Compound interest is on your side

As you can see, you can earn a significant amount of cash by stashing $30,000 in the bank for at least a year. But you can earn even more thanks to compound interest, which is interest that you earn on interest. The longer your cash remains in your bank account, the more you’ll earn.

To better illustrate how you can benefit from compound interest when you have a savings account, let’s explore how much money you’ll earn if you keep $30,000 in a high-yield savings account for anywhere from one to five years.

Again, the calculations below assume you make no additional contributions beyond your initial deposit. You’ll earn even more if you continue to deposit additional money into your account.

Here’s a breakdown of the potential earnings:

That’s $6,502.71 earned in five years, assuming the APY doesn’t change. Keep in mind that APYs can change over time, so your APY likely won’t remain the same rate forever.

Do this to earn more interest

Saving $30,000 is a massive accomplishment; you should be proud of all your hard work. But don’t miss out on an easy way to boost your savings account balance by earning interest. You can earn more money by stashing your extra cash in a high-yield savings account with a competitive APY. If you’re not currently earning at a great rate, consider opening a high-yield savings account. Every extra dollar you earn makes a big difference.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

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