The 4.00% Account That Pays 2.50%

The 4.00% Account That Pays 2.50%

Why the biggest APY in the ad is rarely the best account

Headline APY ≠ your APY

Top rates often apply only to one balance tier — or after conditions are met.

Step 1: Insurance first

FDIC or NCUA cover, up to $250,000. Non-negotiable.

Step 2: Your tier's APY

Compare the rate YOUR balance actually earns.

Step 3: Fees vs yield

One monthly fee can erase a higher rate. Do the maths on a year.

Steps 4–5: Conditions + access

Minimums, activity rules, transfer times — check before you move money.