Capital One Bank Savings Account Rates 1.09%, MMA Rates and Bank Review

Capital One Bank is offering one of the highest online savings account rates available from any bank right now. In addition to a high yield savings rate Capital One Bank is also offering some very competitive money market account rates.

Capital One Bank's current InterestPlus Online Savings Account rate is 1.09% with a savings yield of 1.10%. That rate is more than 5 times the average savings rate.

Another good thing about this online savings account is you can also receive a 10% quarterly bonus on your interest earned. You get this additional 10% on your interest earned with an average balance over $10,000, or if you have an active Capital One credit card.

Capital One Bank's money market account rates include a High Yield Money Market Account with a current rate and yield of 0.75%. A Rewards Money Market Account with a rate and yield also at 0.75%. With the Rewards MMA you earn miles based on your account balances.

Capital One Bank is also advertising a Business Money Market Account with a current rate and yield of 0.75%.

In additional to savings rates and MMA rates Capital One Bank is also advertising CD rates and an online checking account. The bank also has free calculators you can use to help you with your investment decisions including an Automated Savings Plan Calculator. This calculator can help you figure out your savings potential by setting up an regular direct deposit.

All these accounts can be opened online. You can chat with someone online at the bank's website if you have any questions. Here is the InternetPlus Savings Account application. Savings Account Application.
Author: James Martin
June 1st, 2011