Find what APY you need to hit a specific savings goal.
Many accounts have "teaser rates" that drop after a certain balance; use the sheet to see if moving funds is worth the effort. If you'd like to dive deeper into a specific scenario: Initial investment amount (e.g., $5,000 or $50,000) Monthly contribution plan (e.g., $100/month) Target goal or timeframe (e.g., buying a house in 5 years) Download APY CHAT xlsx
Compare your APY against the current inflation rate. If the inflation rate is higher than your APY, the "story" is that you are actually losing purchasing power, even though your balance is increasing. Quick Analysis Tips Find what APY you need to hit a specific savings goal
The initial investment or starting balance. 000 or $50