Capital One Adds Online Savings Account

03.17.08 | Online Savings Accounts | 2 Comments | by junger

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Capital One ("What's in your wallet?") has added an online savings account to their offerings, touting a 3% APY for balances under $10,000 and 3.85% APY for accounts over $10k.

There's no minimum balance, no fees, and can link up to an external account (even outside of Capital One).

According to Bankrate, the 3.85% APY would make it one of the highest currently available, while the 3% puts it near the bottom.

It doesn't say anything about intro rates, so I'm assuming that the APYs are good for awhile … at least until the Fed cuts rates again and the online savings accounts follow.

Click here to find out more about Capital One's online savings account.

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