CapOne/Costco Money Market Account Now 4.72%

Capital One has raised the rate on their Costco Money Market account from 4.60% to 4.72% APY. After Capital One increased the yield on their standard money market account to 4.55% last week, I was expecting this Costco money market to also increase. However, they haven't done a good job lately in keeping the Costco money market account significantly above the standard version. As I reported in this April post the lead has often been only around 0.05%. Since the Costco version has a $5K minimum opening deposit compared to $100 with the standard money market, you would expect a better 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.