Capital One Direct Cuts Savings and Money Market Rates

Capital One Direct rate changes:

• InterestPlus Online Savings is now 1.25% APY (was 1.45%)
• High Yield Money Market is now 1.05% APY (was 1.15%)

Capital One Direct (for Costco members) rate changes:

• InterestPlus Online Savings is now 1.30% APY (was 1.50%)
• High Yield Money Market is now 1.25% APY (was 1.35%)

The last major rate cuts at Capital One Direct occurred in early February. Refer to my Capital One review for more info and the rate history.