Savings & CDs
Your money should
earn more.
Earn 4.85% APY on your High-Yield Savings Account — over 12× the national average. Interest compounds daily. No minimums. No fees.
High-Yield Savings APY
4.85%
12× the national average
If you deposit $25,000 today:
$1,211
1 Year interest
$3,844
3 Years interest
$6,735
5 Years interest
APY as of May 2026. Subject to change. FDIC insured.
How savings accounts work
Understanding a few key concepts helps you maximize your savings and reach your goals faster.
What is APY (Annual Percentage Yield)?
APY is the real interest rate you earn on your money over a year, factoring in how often interest compounds. A 4.85% APY means that $10,000 grows to $10,496.77 in exactly one year — even if you never make another deposit.
Daily compounding: your secret weapon
Most banks compound monthly or quarterly. We compound daily — meaning every day, your interest earns more interest. On a $50,000 balance at 4.85% APY, daily compounding earns you ~$15 more per year than monthly compounding. Over 10 years, that difference grows to $750+.
FDIC insurance: your money is 100% safe
The FDIC (Federal Deposit Insurance Corporation) insures up to $250,000 per depositor per institution. Even if MercuryFinance ceased to exist tomorrow, every dollar you deposited up to that limit is guaranteed by the U.S. federal government.
When to use a savings account vs. a CD
Use a High-Yield Savings Account for your emergency fund and short-term goals — money you might need access to at any time. Choose a Certificate of Deposit (CD) when you won't need the money for a set period (3–24 months). CDs lock in your rate and typically offer slightly higher APY.
CD Rates
Lock in a guaranteed rate for 3 to 24 months. The longer the term, the higher the rate.
Rates accurate as of May 2026. Subject to change. Early withdrawal penalty applies to CDs.
See how much more you could earn
The national average savings APY is 0.39%. Here's what the difference looks like on a $20,000 balance over 5 years:
Average U.S. Bank
0.39% APY
$392
interest earned in 5 years
MercuryFinance High-Yield
4.85% APY
$6,048
interest earned in 5 years
+$5,656 more than average