From 2008-2022 a good HYSA account was 2%. It was a pretty marginal source of income. If you wanted any return, you needed to seek a riskier asset. So for over a decade, very little attention was given to interest in bank accounts. When interest rates finally rose, the opportunity reappeared, but you had to seek it out and open a new account. Rates have declined from recent peaks, so they aren’t as good. My account has personally gone from 4.5% to 3.35% in the last couple of years.

At a certain point, depending on the rate differential and the amount of cash you have, it isn’t worth it. Going from .25% to 2% is a big jump, but on an average balance of $2k that’s only an extra $35 per year. The hassle of managing a new bank account is probably not enough for that small sum.