Superior Savings of New England, N.A. will start operating as Capital One Bank starting on March 10, 2008. Superior Savings has been a wholly owned subsidiary of Capital One for at least a year. I've written many posts in the last few years on CD and money market deals at Superior Savings. The last one was in January when they were offering a 5.25% 13 and 7 month CD. Unfortunately, that'll probably be the last Superior Savings CD special.
Capital One Bank has done some nice local specials to build market share. A good example is in Central Texas where they offered a high yield checking account last year with a 5% APY guaranteed for one year. Perhaps they'll offer something similar after Superior Savings is converted to Capital One. For those who live near a new Capital One branch, be sure to keep an eye out for specials.
Thanks to the reader who mentioned this news in the Finding-the-best-rates post.