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Capital One Direct Banking - High Yield Money Market
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1 review
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Great support, good rate
I initially opened my Capital One high yield savings account about 5 years ago. At that point, interest rates were above 5%. The interest rate on the account has declined ever since, along with most other banks. However, I think it remains relatively competitive for the largest banks in the country.
I am not sure how many other banks, if any, have higher interest rate AND offer the online support that Capital One does. The bank is entirely online - you do everything on the website. Everything you might want to do is there. Calling customer service is very easy as well and every representative I have spoken to has been knowledgeable and helpful.
I am not sure how this bank account would function if it was your primary savings account. Transfers take a few days. I always transfer money between this account and my every day checking account.
In summary, this Capital One account has a good interest rate with great online support.
Posted by kmv1214 -- June 22, 2009
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