More Savings Account Rate Cuts - UFB Direct, Capital One

Comments (5)
Jan 9, 2008 - 9:08 AM by Ken Tumin

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.

Banks Mentioned in this Post:

Capital One Direct Banking
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In order of date posted. - Sort by votes
trinidon2k

trinidon2k (anonymous) - #1, Wednesday, January 9, 2008 - 10:30 AM

Countrywide SavingsLink dropped to 5.25% APY


1
Anonymous

Anonymous - #2, Wednesday, January 9, 2008 - 11:54 AM

Apple's Grand Yield Direct is down to 4.85% APY.


1
ShraZZy

ShraZZy (anonymous) - #3, Wednesday, January 9, 2008 - 3:24 PM

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
larkin

larkin (anonymous) - #4, Wednesday, January 9, 2008 - 3:56 PM

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
grobe

grobe (anonymous) - #5, Wednesday, January 9, 2008 - 5:00 PM

First Fed Direct dropped from 5.05% to 4.95%


1

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