CapitalOne Direct Banking Offers 1.80% APY earning for Money Market Account on all Tiers
CapitalOne Direct Banking offers 1.80% APY money market rate for money market accounts with balances of at least $100. The initial deposit for this money market account is $1000.
This money market account comes with interest credit bonus for Costco members. This money market bonus amounts to $60 for Executive members and $20 for Business and Gold Star members. Account holders must be able to put in $5000 money in the bank to avail of this benefit. The account must also be the first through Costco.
The interest credit will reflect in your account as interest gained after a month or six weeks upon funding of the account.
An online application can be done through a safe portal. The disclosure does not indicate if they will be doing a hard credit pull. It will be wise to verify this plus the current rates which may change any time.
The rate of this bank deal may sound low but is still very competitive in the current money market environment.
Direct Banking is the online division of Capital One. Capital One is insured with the FDIC.
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How do I access my personal money market account. I do not see the direct refferance.
Thanks William R. Hull 1720 E Center ssssSt Poctello Idaho Tel 20802519955
Comment by Bill Hull — May 2, 2009 @ 4:08 pm