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Capital One Simple Savings Down To .65% From .75%

Friday, February 10, 2012 - 7:19 AMCapital One Direct Banking - Details
Capital One can't drop their rates fast enough it seems.  Can't turn on the tv for 5 minutes without seeing a few of their commercials with big salary celebs.  Wish they'd stop paying them and give more to the people those ads are trying to attract.
6
Lbw2112Lbw21126 posts since
Nov 30, 2011
Rep Points: 36
1. Friday, February 10, 2012 - 7:52 AM
Did you mean "Simple Savings," the in-branch savings account, or "InterestPlus Savings," the direct banking division's savings account? 0.65% is the currrent rate of the latter, while 0.50% is the current rate (at least in the NY/NJ market) of the in-branch Simple Savings account. Capital One's most recent rate drops have already been reported in this forum, but I agree with your comments about how frequently its rates have been falling lately. I still think that it is probably the most depositor friendly of the "big" national banks, though. For example, even at 0.50%, the Simple Savings interest rate is about 5x higher or more than the rates offered for comparable accounts at other national banks, such as PNC, Chase, Wells Fargo, Citi, BofA, etc.
1
WilWil242 posts since
Feb 26, 2010
Rep Points: 1,285
2. Sunday, February 12, 2012 - 7:35 PM
Simple Savings.
1
Lbw2112Lbw21126 posts since
Nov 30, 2011
Rep Points: 36
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