Checklist
Before trusting a rate, ask seven questions.
1. What number is shown?
APY, APR, simple interest, estimated return, or marketing copy?
2. Who is offering it?
Bank, credit union, fintech partner, brokered product, or publisher?
3. What conditions apply?
Balance tiers, direct deposit, new customer rules, location limits, or promo windows.
4. Can it change?
Many deposit rates are variable and may move after you open.
5. What fees reduce value?
Fees can matter more than a small rate difference.
6. What data is requested?
Never enter sensitive data on an educational comparison page.