High-yield savings is mostly a rate-chasing trap
The headline rate is an acquisition cost, not a promise. What matters is where the account sits eighteen months later, and almost nobody checks.
Section
Finance
Markets, money and the mechanics of both.
Personal and market finance explained without jargon — how products work, what they cost, and who profits from the spread.
The real cost of a 0% balance transfer
Zero percent is the headline rate. The transfer fee, the reversion date and the payment hierarchy are where the product actually makes its money.
