Then, you must transfer funds from savings back to the other account when you need to withdraw. You will need another deposit account at Capital One or another bank to make cash deposits that you can transfer into your savings account. Cons explained No ATM account accessĬapital One Performance Savings accounts don't come with an ATM card, which means there is no way to deposit cash directly into the account or withdraw it unless you visit a physical branch. There are a few exceptions, but unless you make frequent outgoing domestic wire transfers or purchase a cashier's check, you can save money entirely fee-free with Capital One. No feesĬapital One 360 savings accounts have no monthly maintenance fees, regardless of your account balance. You can also open a Capital One high-yield savings account with any amount, even if you start with just $1. Whether you have $10, $100 or several thousand dollars in your account, Capital One applies the same competitive high-yield APY to your balance. You don't have to carry a hefty account balance to earn Capital One's best APY. No minimum opening or balance requirements Even if the variable APY on your Capital One account drops, you can feel confident it will remain competitive with other high-yield savings accounts. Capital One's absence of fees and balance requirements can help beginners and seasoned savers build savings faster.Ĭapital One uses national percentile data from Informa Research Services to ensure its APY remains competitive with other high-yield offerings. However, some of these high APY accounts may have fees or strict account requirements that can be tough for new savers to meet. Best high-yield savings account for beginnersĪ Capital One 360 savings account is ideal for the beginner saver because you earn the same high-yield annual percentage yield (APY) regardless of your account balance, and you don't have to worry about fees offsetting your savings.īut first, what is a high-yield savings account, and how does it differ from a traditional one? High-yield accounts allow you to earn a significantly higher APY on your investment than traditional savings accounts. This Capital One 360 high-yield savings account review can help you determine if it’s the right option for stashing your savings. Capital One’s 360 Performance Savings account may fit the bill. Whether you're just beginning to build savings or already have a healthy account balance, a no-fee high-yield savings account can help you reach your savings goals faster.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |