Here's an easy way to compare high interest checking accounts based on your average monthly balance, time period, and interest rate. Hit "calculate" to see the results.

Calculation Methodology: This calculator uses annual compound interest (not monthly). Each year, interest is calculated as balance × APY, rounded to 2 decimals, then added to the balance. This continues for the specified number of years. Total earnings are the sum of all yearly interest payments.

Checking Calculator Help

Check out our glossary to get familiar with the checking terminology or read our guides to make the best decisions when looking for a checking account.

Average Monthly Balance

The amount you plan on keeping in our account. Add this amount to get the total, and then divide this number by the amount of months, and you will get the average. For example, if your balance was $1,000, $2,000, and $3,000 for 3 months, your average monthly balance for 3 months is $2,000.

Time Period

Choose the length of time you plan on keeping the average monthly balance in the account.

Interest Rate

The percentage of interest you will receive from the bank.