What dollars actually earn

A savings account pays you a rate. The dollars underneath are lent at another rate. This page reads the dollar lending market live and puts the two side by side. It does not tell you what to do with your money and it is not advice. It is arithmetic on a number you type and a number we read.

The numbers that are not savings rates

The same public feed carries dollar rows in the hundreds of percent. They are real rows and they are not a rate anyone can plan around. A number like that is telling you what someone is being paid to take a risk, and it moves hour to hour. They are excluded from every figure on this page and shown separately, so you can recognise one when it is quoted at you. Rows on test networks are dropped entirely, because a rate on a test network is not a rate at all.

What this page cannot tell you

It cannot itemise who takes the difference. The feed carries a field for fees and it is empty on every row we read, so any breakdown naming a custodian, a manager and a platform would be invented. We can measure the size of the gap and we are not going to make up its parts.

And a lending rate is not a savings rate. Your account is insured to a limit and pays a rate the bank sets. A lending market pays what borrowers pay, it changes continuously, and nothing is insured. That is the whole trade, and this page is not going to make it for you.

Why no comparison site shows you this

A site that ranks savings accounts is paid by the banks in the ranking. It can put them in order, because every bank publishes a rate. It cannot print the difference, because the difference is an argument against the whole list, and it is the same argument whichever bank wins.

A site that ranks yields has the opposite problem. It is paid by attention, and the rows we quarantine are the ones that get it.

Live figures load in a moment. If you are reading this, they have not arrived yet.