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Capital One new money market account

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    Capital One new money market account

    I recently discovered this, while looking at my Capital One 360 savings accounts. If you click on Products, they now have a money market that pays 1% for balances of $10k or more. It's a 'soft launch' so they are not advertising it. Just wanted to let everyone know. It only took a couple minutes to set it up and transfer my money from my regular 360 accounts.

    #2
    When they first came out with this they wouldn't let me transfer my Capital One 360 Savings Account into it, only new money.

    I tried again a few months later (last month) and they had changed the rules. On a $100,000. account I went from .75% to 1.00%, $250. bucks is $250. bucks!

    Of course the sad part is that it's still only 1%! My very first CD years ago was 10%. Hard to imagine now.

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      #3
      Ally Bank has had a 1% account for years...

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        #4
        I originally picked Capital One 360 because they offered a $500. bonus to open an account. Easiest $500. buck's I've ever made.

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