New Rates for CapOne/Costco Money Market/CDs

For the last month, Capital One/Costco money market had only led the standard Capital One money market by 0.05% (4.30% APY vs 4.25% APY). Typically, the Costco version leads by about 0.25% so I've been expecting a rate hike for awhile. This week, the rate of the Costco version finally increased. The CapOne/Costco MMA APY is now 4.51%.

In addition to the hike in the money market yield, the CD yields also increased. The 18-month term is 5.30% APY. All of the longer terms have essentially the same rate.

Note, the $25 sign-up bonus for Costco Executive members is still active for the first time opening of either a money market account or CD. These accounts have a $5K minimum deposit.

The best 18-month certificate of deposit rate currently listed on Bankrate.com is 5.28% APY at UmbrellaBank.com.