 |
Capital One InterestPlus Review: Savings Account |
Compare to Other Online Savings Accounts |
Website: |
Visit Website |
Rating: |
 |
| Straightforward terms and service; opportunities to earn bonus interest; great choice for those who will maintain a balance above $2,500 | |
Full Review: |
A Capital One InterestPlus online savings account containing $2,500 or more earns an APY of 1.25%. The minimum opening balance is $2,500. While there is no minimum balance required to keep the account open, no interest is earned on balances under $2,500. Accounts with a monthly average balance of at least $15,000 earn an extra 10% bonus on interest earned, four times each year. This 10% quarterly bonus is also available to anyone who uses a Capital One credit card at least once a month. Interest is compounded daily and credited monthly. There are no monthly fees associated with a Capital One online savings account. Customer service representatives are available by phone from 8:00 AM to 8:00 PM, Monday through Friday, and from 8:00 AM until 2:00 PM on Saturdays. Automated banking information is available by phone 24 hours a day, seven days a week.
Capital One's InterestPlus online savings account is straightforward and relatively easy to manage. Capital One's free online banking interface allows customers to transfer money between Capital One accounts and external bank accounts. Multiple external bank accounts can be linked to a Capital One online savings account. As with all online savings accounts, withdrawals are limited to six per month. Capital One's online banking makes it easy to set up automated recurring deposits from an external account to an online savings account. It is also easy to set up direct deposit, if you wish to automatically deposit all or a portion of your paycheck directly into your savings account. And of course, the online banking interface allows customers to view online statements and track balances, rates, and interest earned. A Capital One InterestPlus online savings account would be a great choice for anyone who is likely to maintain a balance above $2,500, and a terrific choice for anyone who will maintain a balance above $15,000 or who uses a Capital One credit card regularly. |
| APY: | 1.25% for balances of $2,500 or more, 0.00% for balances under $2,500 |
| Monthly Fees: | None |
| Minimum Balance to Maintain: | $0, but balances under $2,500 earn no interest |
| Minimum to Open Account: | $2,500 |
| Maximum Withdrawals Per Month: | 6 |
NextAdvisor Online Savings Blog Headlines
The New York Times ponders the plight of the Internet user
In this day and age, even the Fashion & Style section of The New York Times is worried about Internet security issues. This weekend, the Times recounted the experiences of Allan Goldstein, a 60 year old college professor who uses the Internet, but does so a bit nervously. He worries that NYU's online system will [...]
NextAdvisor.com helps you keep your New Year's Resolutions
Two of this year's most popular resolutions are to lose weight and save money. NextAdvisor.com can help you with both, since we've reviewed and compared the best online diet services and online savings accounts.
If your goal is to lose weight in 2010, check out our reviews of online diet programs. Dieters tend to lose more [...]
NextAdvisor.com reviews the best online savings accounts
An online savings account is one of the easiest ways to make the most of your money. Like a traditional savings account at your local bank, an online savings account allows you to store your money safely while also earning interest, offering guaranteed returns without risk. However, since online banks conduct business over the Internet [...]
About Us Blog Contact UsTerms & Privacy PolicyAffiliate ProgramSite map
Copyright© 2006 - NextAdvisor.com - All rights reserved.