plane2port
Level 2 Member
Here are the parameters: It's a savings account that pays 0.75% APY but there is a one-time bonus for opening the account. The bonus is 1%, so a $50,000 account gets a $500 bonus on top of the 0.75%. Money must be left in for 90 days, and the account needs to be funded within 10 days of opening. Your effective interest rate is 1.75% which beats CD rates. If you only leave the money in for 90 days, your effective interest rate is 4%.
Does anyone have any experience with these accounts? I currently have a Capital One Rewards Money Market account which I use via debit card when I am out of the country, because there are no FTFs. I've had the account for years and its been very reliable.
Does anyone have any experience with these accounts? I currently have a Capital One Rewards Money Market account which I use via debit card when I am out of the country, because there are no FTFs. I've had the account for years and its been very reliable.