💰 Quick Amount Selection
⚠️ Important Notice
- This calculator is for reference only and actual conditions may vary
- Actual savings may include maintenance fees, penalties, and other charges
- For accurate rates, please contact financial institutions directly
- Results are rounded to the nearest dollar
- Consider FDIC insurance limits for deposit protection
💰 Interest Tax Information
• Interest income is subject to federal and state income tax
• Banks report interest earnings over $10 on Form 1099-INT
• Consider tax-advantaged accounts like IRAs for long-term savings
• Banks report interest earnings over $10 on Form 1099-INT
• Consider tax-advantaged accounts like IRAs for long-term savings
🏦 US Savings Benefits
• High-yield savings accounts offer better rates than traditional savings
• CDs typically offer higher rates for longer terms
• Money market accounts combine savings with checking features
• FDIC insurance protects deposits up to $250,000 per depositor
• CDs typically offer higher rates for longer terms
• Money market accounts combine savings with checking features
• FDIC insurance protects deposits up to $250,000 per depositor