Here’s how much $1,000 could grow over 5 years in Wealthfront’s high-yield savings account, which has the highest rates available right now

Business Insider Australia | Jul 13, 2019 at 2:15 PM
  • The main objective of a savings account is to keep the money you’re not using today safe and accessible.
  • Dozens of financial institutions have high-yield savings accounts on offer.
  • To see how an initial deposit of $US1,000, plus monthly contributions of just $US100, could grow over five years in Wealthfront’s high-yield savings account, we plugged the numbers into the compound interest calculator on Investor.gov.