An update to my savings post.
In a post I did the other day I talked about the benefits of using online banks to boost savings.
Well today I found one of the very best out there in terms of benefits.
It offers 1.6% APY, and it compounds daily but pays out monthly.
(Source: http://www.bankdealguy.com/capital-one-360-400-checking-money-market-bonus/)
It also offers cash bonuses for signing up right now and immediately funding the account.
Pretty decent sized bonuses actually.
They range from a couple hundred up to $500.
If you have some cash laying around and want to pick up some extra cash for it, you can do so by signing up for a CapitalOne 360 Money Market account.
If you can fund the account with at least $20,000 you will also earn a cash bonus for opening the account on top of the 1.60% interest you will earn on the money you deposit.
Not a bad deal.
When comparing all the other interest rates out there and cash bonuses, CapitalOne comes out near the top or at the very top.
If you can deposit $100k when you open the account, you will receive $500 in cash.
Not bad considering what other banks are offering, and again that is on top of the 1.6% interest you will earn throughout the year.
The link for the promotion I saw today can be found here:
https://www.capitalone.com/moneytalks/
Good luck and happy savings!