Savings account comparison
A high rate may apply to only part of the balance. Compare two accounts with your actual money and find out which pays you more.
Pays you more
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Interest from account A
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Interest from account B
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Effective return A
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Effective return B
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How it is calculated
- Interest = balance up to the limit × rate + balance above it × rate for the rest.
- Effective return = interest ÷ total balance.
Assumptions
- One year, without compounding within the year.
- Before tax and without fees; if the account has fees, subtract them separately.
- The rate is the nominal annual rate the bank advertises.