Is That Sky-High Savings APY Too Good to Be True?

Some savings accounts advertise rates of more than 4% APY. Here's how to spot whether a high rate is worth your money.

# Is That Sky-High Savings APY Too Good to Be True? Some savings accounts advertise rates of more than 4% APY. Here's how to spot whether a high rate is worth your money. **Read the full article:** [NerdWallet](https://www.nerdwallet.com/banking/learn/is-your-apy-too-good-to-be-true) *This article was originally published by NerdWallet. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*