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Banks serve a purpose, but they may not always have your best interests at heart—a lesson a 44-year-old editorial-content manager learned the difficult way.

The Wall Street Journal shared the story of David Fucillo, who diligently built his emergency fund by depositing money into a Capital One Financial savings account, drawn by its initially high interest rates. However, by last fall, he noticed his earnings had significantly decreased, even as overall interest rates were on the rise.

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LEARN MORE ABOUT: Precious Metals IRAs

HOW TO INVEST IN GOLD: Gold IRA Investing

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REVEALED: Best Investment During Inflation

With interest rates at historic lows, savers are finding it harder than ever to earn a decent return on their money. Many turn to high-yield savings accounts offered by banks as a way to try and maximize their earnings. However, what they may not realize is that these so-called high yield deposits aren’t really yielding as high as they seem.

Banks have long marketed high-yield savings accounts as a way for savers to earn meaningful returns on their money without taking on much risk. The promise of higher interest rates than traditional savings accounts can be appealing, especially in a low-interest rate environment. However, what many savers don’t realize is that these high-yield accounts often come with strings attached.

One of the most common tactics banks use to make their high-yield deposits seem more attractive is to offer teaser rates. These are introductory interest rates that are much higher than the standard rate, but only last for a limited time. Once the teaser rate period ends, the interest rate drops significantly, often leaving savers earning much less than they originally expected.

Banks also often have a tiered interest rate structure for their high-yield deposits, which means that the highest rates are reserved for savers who have a larger balance in their account. This can be frustrating for those who are unable to meet the minimum balance requirements to earn the highest interest rate, as they are left earning a much lower rate on their savings.

Additionally, banks may have other fees and restrictions attached to their high-yield accounts, such as monthly maintenance fees or limits on the number of withdrawals allowed each month. These fees and restrictions can eat into any interest earned on the account, further reducing the overall yield for savers.

So, what can savers do to ensure they are truly getting a high yield on their deposits? One option is to shop around and compare rates from different banks to find the best deal. Online banks and credit unions often offer higher interest rates on savings accounts than traditional brick-and-mortar banks, so it may be worth considering opening an account with one of these institutions.

Another option is to consider alternative investment options, such as certificates of deposit (CDs) or money market accounts, which may offer higher interest rates than traditional savings accounts. However, it’s important to keep in mind that these accounts typically have restrictions on withdrawals and may require a higher minimum balance to earn the highest rate.

Overall, savers need to be aware of the potential pitfalls of high-yield deposits offered by banks and carefully consider their options to ensure they are truly getting a high yield on their savings. By being informed and proactive, savers can maximize their earnings and make the most of their hard-earned money.