Capital One Savings Account – Best Interest Rate I Know Of

John

Thank you for visiting.
John

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 0.5% you can get from your local banks.

But, check this out (link).

I just noticed that Capital One has a savings account exclusively for Costco members (that’s what it says).  And the interest rate is even better at 1.5%.

I should move all my money.  I mean… ASAP.

They even give me $20.00 for opening an account.

*You have to keep minimum balance of $5k.

** I hope interest rate will go up soon. I miss the day when I used to earn 2.5 – 3% interest.

Costco Savings Account

Update: March 4, 2010

I opened a savings account with Capital One (for Costco members only)

I’m in the process of moving cash. But, first, I have to go through some validation process.