Yeah, the fine print is important. Minimums to open, minimums to earn x% interest, minimums to avoid fees, etc.
Amboy's drop is surprising. [Edit: I was wrong about this. The Premium Savings account is, as of this edit, still 4.75%; see postings below.] When I visited their site I saw that they were offering 4.10% plus a $50 bonus. I thought that bonus was interesting enough to read on, so I did. Turns out, you have to have an ADB of over $3000 to earn that interest, below that, 1%... less than $300, zero.
If you can live with the fairly reasonable conditions on the GMAC account, it still seems to me to be the overall present king-of-the-hill.
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Originally Posted by magicbeans
I'm thinking of opening a Capital One Direct account. Anyone have any positive or negative things to say about it?
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I have one. I like it very much. Transfers are easy and fast. It was simple to set up two linked accounts (which is more of a hassle elsewhere). The site is basic in appearance but functional. $1 to open. No maintenance fees or minimum balance requirement.