Does this tool confirm eligibility or current rates?

No. It is a browser-only planning worksheet. Current issuer, bank, program and account-specific official terms control.

Is this personalized financial, tax or legal advice?

No. This educational tool is not personalized financial, tax, legal, banking, credit or investment advice.

Free browser-only calculatorNo bank loginOfficial verification required

Online Bank APY Switch Break-Even Calculator

Estimate whether switching online banks for a higher APY is worth transfer delays, fees, tax drag and emergency-cash friction before verifying official bank terms.

Browser-only calculator / generator

Current APY (%)New APY you are considering (%)Balance you may move ($)Transfer/setup friction cost ($)Days money may be in transit or heldEstimated tax rate on interest (%)

Estimated after-tax annual APY gain
Estimated transfer delay cost
Break-even months

Inputs stay in your browser. Use rounded assumptions, not account numbers, SSNs, passwords or bank screenshots.

How to use / 使用方法

Enter conservative non-sensitive APY, balance, cost and delay assumptions.
Use the break-even month estimate to decide whether a switch is worth verifying.
Open official bank rate pages, account agreements, fee schedules and transfer-limit pages before moving money.

Official verification box / 官方验证盒

Verify current APY, promotional expiration, rate tiers, fees, transfer limits, hold rules and insurance coverage on official bank pages.
Do not rely on screenshots, old cached pages, forums, social posts or AI summaries for current account decisions.
If this page conflicts with official bank terms or your account-specific offer, official terms control.

Commercial next steps

Online banks hub Online bank comparison CIT Bank guide Marcus by Goldman Sachs guide Ally Bank guide HYSA APY and FDIC comparison

Related Omellody tools

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FAQ

Does this show live APYs?

No. It uses your inputs only. Verify current rates directly with each bank.

Should I move my emergency fund for a small APY difference?

Use this as a planning prompt, then verify liquidity, holds, fees and your own risk tolerance. This page is not personalized advice.

Disclaimer

This is educational content and not personalized financial, tax, legal, credit, banking, insurance or professional advice.