Your $100,000 might only be earning $100…

17 Mar 2026 · 1 min

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1:05

In this short financial‑advice video, Dan Novaes explains how the interest rate applied to a savings account dramatically determines the earnings on a deposit. He contrasts a near‑zero rate of 0.01% (yielding $100 per $100,000) with a higher 4.4% rate (yielding $4,400 per $100,000 and $44,000 per $1 million) and notes that the rate can shift with Federal Reserve policy. Novaes describes how rates were very low a few years ago when borrowing was cheap, then rose as borrowing became harder, and are now beginning to fall again, potentially eroding the 4.4% offers. He highlights that some banks provide promotional, fixed‑rate periods (often a year) to attract deposits, and advises viewers to “rate‑chase” by moving their money to a new bank each time a promotion ends. The video ends with a call‑to‑action encouraging viewers to follow for free money‑saving hacks.

Chapters

If you have $100,000 in an account and you're earning 0.01%, it literally means that you are making $100. If you have a 4.4% interest rate, you will be making $4,400 for every $100,000 you have. If you have $1 million, you're going to make $44,000 and you're literally doing absolutely nothing. Now, this rate may change based on the national rate if the Fed decides to lower it or increase rates. 2 or 3 years ago, these rates were very low because interest rates were low, meaning that you could borrow money for very cheap. and as it's gotten more difficult to borrow money, these rates have been increased. We are now starting to see lower rates, so you may see 4.4% go away, and when that happens, the bank will slightly lower that over time. Now, sometimes certain banks will actually give you a promotional period where they will lock you in on a fixed rate for over a year, and after that year, what you can do is just move to the next bank that's willing to give you that same rate locked for a year or so on. These banks are always giving promotions so they can get money into their banks because that's how they make money. Sick of wasting all this money? Follow us and get all of our hacks for free.