By Ziv Shay | Updated April 2026
Reach your goal in 2 years 5 months saving $2,000/month at 5.25% APY
Saving $2,000 per month — see how fast each account helps you reach your house down payment goal.
| Bank | APY | Time to Goal | Total Deposited | Interest Earned | Action |
|---|---|---|---|---|---|
| UFB Direct | 5.25% | 2y 5m | $58,000 | $3,696 | Open Account |
| Bread Savings | 5.15% | 2y 5m | $58,000 | $3,623 | Open Account |
| Wealthfront Cash | 5.00% | 2y 5m | $58,000 | $3,514 | Open Account |
| LendingClub | 5.00% | 2y 5m | $58,000 | $3,514 | Open Account |
| CIT Bank | 4.85% | 2y 5m | $58,000 | $3,404 | Open Account |
| Bask Bank | 4.85% | 2y 5m | $58,000 | $3,404 | Open Account |
| Betterment Cash Reserve | 4.75% | 2y 5m | $58,000 | $3,332 | Open Account |
| Synchrony Bank | 4.75% | 2y 5m | $58,000 | $3,332 | Open Account |
A 20% down payment on the median US home (around $300,000 in 2026) requires approximately $60,000. By saving $2,000 per month in a HYSA at 5.25% APY, you can reach this goal in 2 years 5 months. The interest you earn along the way reduces the total amount you need to save from your income.
Keep your down payment fund in a HYSA rather than investing it in stocks — you need this money accessible and protected when you find the right home.
A high-yield savings account is ideal for your house down payment because it offers FDIC insurance (your money is safe), easy access when you are ready to use it, and competitive interest rates that help your money grow faster. Unlike investing in stocks or crypto, there is no risk of losing principal with an FDIC-insured HYSA.