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I have three savings accounts including Ing Direct & Emigrant Direct.
Ing Direct & Emigrant Direct are known for their high-interest rate. But, with today’s economy, their current interest rate is 1.1%. This is still a lot better than the 0.5% you can get from your local banks.
I just noticed that Capital One has a savings account only for Costco members. And the interest rate is even better at 1.5%.
I should move all my money to Capital One ASAP. They will even pay me $20.00 for opening an account.
*You have to keep a minimum balance of $5k. I have no problem there.
** I hope the interest rate will go up soon. I miss the day when I used to earn 2.5 – 3% interest.
Re: Capital One Savings Account – Best Interest Rate I Know Of
I’m thinking of signing up as well with Cap One & am interested with your experience with them. I enjoy popping in here to see what you have to say…Thanx for taking the time 🙂
Re: Capital One Savings Account – Best Interest Rate I Know Of
Hi.
Opening account with Capital One was very simple.
If you are computer friendly, things will be smooth.
I am currently transferring all my cash from IngDirect to Capital One.
3 days ago, I received an email from Capital One, saying that my money will be on hold for 10 business days.
If you are opening a money market or savings account, please be aware that the first deposit made into this account, and any deposits made in the 30 days following this first deposit, will be held for ten business days (available to you on the eleventh business day). After the first 30 days following initial account funding, funds deposited into your account will be held for five business days (available to you on the sixth business day).
So, my money is taken out from IngDirect but I don’t see any money at Capital One account yet. I have to wait 8 more business days. (until March 25, 2010)
I trust I am in good hand, but… I will relax when I see my money at Capital One account. You know what I mean…
I will update you.
Thank you for visiting.
Re: Capital One Savings Account – Best Interest Rate I Know Of
Thanx John – I may be doing the same thing- transferring $$$ to Cap One – as long as I can live with how long it takes to get access to the cash if I needed it. Have a wonderful day!
Re: Capital One Savings Account – Best Interest Rate I Know Of
🙂 God bless. thank you.
Re: Capital One Savings Account – Best Interest Rate I Know Of
Finally, my online account is showing Dollar amount that I transferred.
I hope interest rate will go up soon.