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When is Capital One going to raise rates?
Started by FreeBucks, Sep 29 2005 03:24 AM
2 replies to this topic
#1
FreeBucks
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Posted 29 September 2005 - 03:24 AM
I've been waiting for Capital One to raise their rates like many other banks are doing, but nothing yet. Both the High Yield Savings and Money Market accounts are holding at 3.45% Any scoop on this?
#2
markber
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Posted 29 September 2005 - 03:59 AM
QUOTE(FreeBucks @ Sep 28 2005, 08:24 PM)
I've been waiting for Capital One to raise their rates like many other banks are doing, but nothing yet. Both the High Yield Savings and Money Market accounts are holding at 3.45% Any scoop on this?
I suspect only upper management of Capital One may know this for sure.
I think it makes sense to have several high-yield savings/MM accounts and move money among them depending on their rates. If you do not have them already, you may consider applying for Presidential Bank savings account and Emigrant Direct savings accounts (and, may be, UFB Direct High Yield Savings). These banks usually offer better rates than Capital One.
Mark
