Here's How Much You Can Earn With $8,000 in an HYSA

Having extra money stashed away is an excellent way to prepare financially. You never know when an unexpected bill will come your way, and having enough cash in savings can help minimize your stress and allow you to avoid costly credit card debt.

If you have $8,000 saved, congratulations! That's a major accomplishment. It's in your best interest to ensure you earn interest while your cash sits in the bank. Keeping your savings in a high-yield savings account (HYSA) is a great way to maximize your earnings.

Want to know how much interest you can earn with $8,000 in the bank? I'll explain how much you can earn with this sum in a high-yield savings account. It may be more money than you realize.

Boost your earnings with a high-yield savings account

Your interest earnings depend on your savings account's annual percentage yield (APY). The higher the rate, the more you can earn.

Our Picks for the Best High-Yield Savings Accounts of 2025

Product	APY	Min. to Earn
American Express® High Yield Savings Account Member FDIC. APY 3.70% Rate info 3.70% annual percentage yield as of April 21, 2025. Terms apply. Min. to earn $0 Open Account for American Express® High Yield Savings Account On American Express's Secure Website. Member FDIC.	3.70% Rate info 3.70% annual percentage yield as of April 21, 2025. Terms apply.	$0	Open Account for American Express® High Yield Savings Account On American Express's Secure Website.
CIT Platinum Savings Member FDIC. APY 4.10% APY for balances of $5,000 or more Rate info 4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY Min. to earn $100 to open account, $5,000+ for max APY Open Account for CIT Platinum Savings On CIT's Secure Website. Member FDIC.	4.10% APY for balances of $5,000 or more Rate info 4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY	$100 to open account, $5,000+ for max APY	Open Account for CIT Platinum Savings On CIT's Secure Website.
Barclays Tiered Savings Member FDIC. APY 4.10% Rate info Balances less than $250,000 earn 4.10%, and balances greater than $250,000 earn 4.30%. Min. to earn $0 Open Account for Barclays Tiered Savings On Barclays' Secure Website. Member FDIC.	4.10% Rate info Balances less than $250,000 earn 4.10%, and balances greater than $250,000 earn 4.30%.	$0	Open Account for Barclays Tiered Savings On Barclays' Secure Website.

Not all accounts are created equally. Many traditional savings accounts offer meager rates, some as low as 0.01% APY. But it's common for HYSAs to provide more generous rates.

Currently, the best HYSAs we follow are offering rates from 3.90% to 4.75%. It's worth noting that savings account rates aren't fixed. That means they can and do change over time.

But because HYSAs tend to offer more attractive rates than what standard savings accounts offer, it's a good money move to keep your savings in an HYSA. This will allow you to maximize the interest you earn without doing any work.

Ready to boost your savings? To reach your savings goals faster, consider the Discover® Online Savings account, which offers a competitive 3.70% APY -- more than nine times the national savings rate. Click here to learn more and open an account today.

This is how much you can earn with $8,000 in an HYSA

Are you considering opening an HYSA to maximize your interest? That's a great choice.

Let's figure out how much money you can earn by stashing $8,000 in a HYSA. To calculate how much interest you'll earn, multiply your initial deposit ($8,000) by the APY. This will show you how much money you'd earn if you keep the money in your bank account for one year.

For the following calculations, I went with a 0.01% APY for a savings account and a 3.90% APY for an HYSA. These calculations assume an initial $8,000 deposit with no additional deposits made to your bank account:

$312 is a lot better than earning less than $1. Beyond opening a bank account with a higher APY, boosting your earnings potential takes no additional work.

Want to earn even more? Make regular contributions to your HYSA to maximize your earnings. You can set up automatic recurring transfers so money is transferred from your checking account to your HYSA regularly. This strategy has helped me stay on top of my savings goals.

Want to earn more from your savings? Click here to review our list of the top high-yield savings accounts to find the right fit for you.

Pay attention to APYs

As you review savings account options, pay attention to APYs. Keeping your savings in an HYSA with a competitive rate is an easy way to maximize the interest you earn. Remember, every dollar you earn from interest adds up and gets you closer to achieving your savings goals.