Dedicated to Deposits: Deals, Data, and Discussion

More Savings Account Rate Cuts - UFB Direct, Capital One

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Capital One Direct Banking
I'm afraid the cuts continue. UFB Direct cut the yield on its Absolute Savings account from 5.22% to 5.12% APY (see my review for account details). Capital One cut rates on its Costco money market account (4.30% APY, was 4.55%) and its High Yield Money Market account (4.00% APY, was 4.30%).

I've recently noticed Capital One started an Online Savings Account that pays a higher rate than the HYMM. I noticed it a few days ago when the top yield was 4.50% APY. It's now 4.25% APY. The top yield is only for balances of over $10,000. Balances below this earn 3.75% APY. Unlike the HYMM, there are no checks. Deposits and withdrawals are intended to be made with ACH transfers.

Thanks to the readers who've provided rate updates in the finding-the-best-rates post.

  Tags: Capital One Direct Banking, savings account

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Comments
5 Comments.
Comment #1 by trinidon2k (anonymous) posted on
trinidon2k
Countrywide SavingsLink dropped to 5.25% APY

1
Comment #2 by Anonymous posted on
Anonymous
Apple's Grand Yield Direct is down to 4.85% APY.

1
Comment #3 by ShraZZy (anonymous) posted on
ShraZZy
Grand Yield Direct has been solid since they started. That's just a .05% rate drop. Emigrant Direct looks good too now at 4.65%. I am dissapointed in AmtrustDirect though with 4.60%

1
Comment #4 by larkin (anonymous) posted on
larkin
Emigrant Direct's Spanish version, Banco Fortuna, is at 5.05%. I believe it has been mentioned here by Banking Guy.

You can click the link in the top right corner to convert the website to English

1
Comment #5 by grobe (anonymous) posted on
grobe
First Fed Direct dropped from 5.05% to 4.95%

1