High Yield Savings Calculator
Whether you’re saving for an emergency fund, down payment, or a large purchase in the future, making deposits into a high yield savings account could be one way to make your money work harder as you pursue your goal. Use the calculator below to estimate how much interest you could earn with a Laurel Road High Yield Savings account compared to the national average Annual Percentage Yield (APY) for other savings accounts.
Published November 02, 2023
3 min read
Calculate your savings over time
Our high yield savings calculator is designed with transparency in mind to help you achieve your financial goals. With this interactive tool, you can see how your savings could grow over time based on different deposit amounts. Add more funds today, and estimate the interest you could earn to help maximize your savings.
High Yield Savings Calculator
Estimate how much interest you could earn with a Laurel Road High Yield Savings account compared to the national average APY for other savings accounts.
Interest You Could Earn
This calculator is for illustrative purposes only. Calculations are estimates of expected interest earned and actual results may vary, based on various factors such as leap years, timing of deposits, rounding, and variation in interest rates. Calculated values assume that principal and interest remain on deposit and are rounded to the nearest dollar.
All APYs are subject to change at any time before or after account opening. Laurel Road Annual Percentage Yield (APY) as of XX/XX/XX. National average APY reported by reported by the FDIC as of XX/XX/XX.
Benefits of a Laurel Road High Yield Savings Account
A Laurel Road High Yield Savings Account comes with benefits such as:
- No monthly fees
- FDIC insured deposits up to $250,0001
- No minimum balance to open
- $0 costs to open
Get more details on Laurel Road High Yield Savings here.
How do I deposit money into my Laurel Road account?
There are several ways to add money to your Laurel Road savings or checking account:
- Start a transfer from your other bank account to your new Laurel Road account by using your Routing Number and Account Number.
- Send a domestic wire transfer from another bank. This is the best option for making large transfers. Reach out to your other bank to initiate a wire transfer to your Laurel Road account.
- Set up direct deposit. Visit our Direct Deposit page to learn more about how to enroll.
- Make a mobile check deposit. With the Laurel Road Mobile Banking app, you can deposit a check by simply taking a picture.
- Send us a check by US mail. For deposits into a checking account, mail the check and a deposit slip.
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Disclaimers
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice, legal, financial, or tax advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Calculators do not include the fees and restrictions that certain products may have. Please visit laurelroad.com for full product details, terms and conditions.
All Laurel Road lending products are subject to credit approval.
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Deposits are insured up to $250,000. Laurel Road is a brand of KeyBank N.A. KeyBank is Member FDIC. To learn more, contact the FDIC toll-free at 1.877.ASK.FDIC (1.877.275.3342) or visit www.fdic.gov.