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Everyone should have some type of a savings account to do just that, save money. Because banks want your business, they try to offer the highest APY to beat out other banks. is currently offering . Compared to other banks’ savings accounts, Capital One is among the best.
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In a line up of the best national banks, Capital One is currently offering one of the highest interest rates and was given four stars by BankRate for financial stability. The is offering . To gain this interest rate, you have to have at least $1,000 in your savings account. For amounts under $1,000 the APY is only 0.10 percent, so keeping $1,000 in the account is vital to making as much money as you can from Capital One’s savings account..
Other Benefits of the InterestPlus Online savings account include:
- No Fees
- 10 percent bonus – Receive a quarterly 10 percent bonus on the interest you make. In order to receive the bonus, you must have at least $10,000 in your account, or be an active Capital One credit card user.
- Easy transfers – This account offers free transfers to and from your existing accounts securely.
- FDIC Insured, meaning your money is protected up to $250,000
- Statements sent electronically – Statements will be sent to you through Capital One’s online banking system.
The minimum deposit to open an InterestPlus online savings account through Capital One is only $1.00. As mentioned above, you will only gain the if you have at least $1,000 in the account. If you can afford to put $1,000 into a savings account, it will be worth it. The will help you gain the highest interest on your money. You can sign up for this savings account through .
View the Savings Account Rates Chart to compare Capital One’s savings rates with other banks offering high interest rates.