1. Is it APY?
APY includes compounding. A plain interest rate can look similar but is not always the same thing.
Rate Desk
The 4.9% checklist before you believe the number
2. Is the rate variable?
Money market yields often move with market conditions. Search for words like “may change,” “variable,” or “subject to change.”
3. Who qualifies?
Some rates apply only to new money, certain balances, promotional periods, or customers meeting activity rules.
4. What can reduce value?
Monthly maintenance fees, minimum balances, outgoing transfer costs, and account closure fees can matter.
5. Is access limited?
Understand transfer timing, withdrawal methods, debit access, and any practical friction before treating cash as available.
6. What is protected?
Educational readers should check whether a product is a deposit account, fund, sweep program, or something else.
This page does not recommend any product and does not verify current market offers.