Below is a list of features for this high yield checking account:
- 4.00% APY guaranteed for first 12 months, standard rate (currently 3% APY) afterwards
- Only for those in Austin and San Antonio metro areas of Texas
- $50 minimum to open
- No minimum balance or monthly fees
- 4% is good on balances up to $250K
- Automatic reimbursements on ATM fees charged by other banks
- First book of 150 checks are free
- Free online bill pay
- No hard credit pull, just a ChexSystem verification
- For sign-up, visit branch or call Capital One at 1-888-855-2265
- Branch visit is still required even if you sign-up by phone
- Has free ACH transfer system but with restrictive dollar limits: $3K in/out per day and $6K in/out per month
- Can push/pull without limits using external bank account
- Those who had opened this checking account last year can still open another one.
My last report on this checking account was in September. Capital One is FDIC insured (Certificate # 4297).