The [mma bank=’Capital One’ alt= ‘Capital One 360 Savings Account’]~APY~% APY Capital One 360 Savings Account[/mma] is one of the best online savings accounts based on the higher interest rate and user-friendly options. With ING you do not need to change banks instead you can set up your checking account to link to your [mma bank=’Capital One’ alt= ‘Capital One 360 Savings Account’] Capital One 360 Savings Account[/mma] and automatically transfer over the funds. Members are currently earning a [mma bank=’Capital One’ alt=’0.75% APY’]~APY~% APY[/mma] interest rate on money in their account and there are no minimums or fees. High yield savings accounts have gained a lot of popularity lately as many people see the need to set aside money for their future.
The [mma bank=’Capital One’ alt= ‘Capital One 360 Savings Account’]Capital One 360 Savings Account[/mma] provides a simple way for anyone to set aside large or small amounts of money and earn a return that will be higher than you could earn from your average bank. The other nice thing is the money isn’t tied up in the account and you can have it transferred to your bank in just a few business days. If you need to save money for a down payment on a car or to save for college tuition next year, the an online savings account is one of the best ways to set aside this money since it isn’t as easy to dip into as your regular brick and mortar bank’s savings account..
The perks of a high-yield savings account
With most banks the average amount of interest you can earn on your savings is about .25%, with the ING orange account you can earn 3 times more by saving money with them. The longer you are a customer, the greater your potential to earn a higher interest rate based on your account balance.
Open ING savings account
If you would like to take advantage of a high yield savings account you need to complete the sign up process with ING. It takes about 5 minutes to sign up for the account and you will need to wait a few days for ING to make test deposits into your bank account. This will secure the connection between the two accounts and to make sure you are ready to start transferring money.
Benefits of Capital One 360 Savings
Members can enjoy a number of great features like the ability to create sub-accounts. This is a great way to set up accounts for your kids and to start setting aside money for them. You can establish your minor children as the primary account holder and you are the joint holder using your checking account to make the deposits into their account. Now you can teach your kids how to save up their allowance and birthday money in a snap! If you would like a checking account, you can easily set up an orange checking account as well and have check-writing privileges along with ATM cards.
FDIC insured
Since there have been quite a few bank failures over the past 3 years, protection is a must for investors. ING is backed by the FDIC up to $250,000 per customer. To apply, visit [mma bank=’Capital One’ alt= ‘Capital One 360 Savings Account’] Capital One 360 Savings Account[/mma]. The Capital One website is secured against fraud.
With all the online competition it is a good idea to research the various online savings account rates and options that are available so you can get the highest interest rate possible.
