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re: Capital One 360 Performance Savings - UPDATE: 4.35% APY as of 12/11/23

Posted on 10/29/22 at 7:47 am to
Posted by LSUSports247
Member since Apr 2007
794 posts
Posted on 10/29/22 at 7:47 am to
I open my account 10/3 2.15%
It’s went up every week this month 2.3 to 3% is a nice jump
Posted by thelawnwranglers
Member since Sep 2007
39958 posts
Posted on 10/29/22 at 11:21 am to
Amex just went 2.35%. Jealous of that 3%
Posted by NOSHAU
Member since Feb 2012
12664 posts
Posted on 10/29/22 at 12:41 pm to
Synchrony up to 2.75%. Would expect others to follow given what Capital One did.
Posted by Neauxla_Tiger
Member since Feb 2015
1938 posts
Posted on 10/29/22 at 2:05 pm to
Now it's higher than my mortgage rate. Not too shabby.
Posted by armsdealer
Member since Feb 2016
11735 posts
Posted on 10/29/22 at 5:27 pm to
quote:

I-Bonds are currently near 10%. You can get in before the end of the month and lock it in for 6 months


I have ibonds, I don't want to cash them out or have them in a locked period for this. I can stash cash in savings also. It's really just a luxury move so we can have a down payment before selling. I will also take that cash to invest in another property anyway, we want to get into rentals just not with our current house.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10948 posts
Posted on 10/29/22 at 7:20 pm to
I just signed up. It was a very easy process on the website. It was pointless to have a savings account vs investing account with savings rates at 0%. 3% is a no brainer to sign up for.
Posted by Topisawtiger
Mississippi
Member since Oct 2012
3616 posts
Posted on 10/29/22 at 8:31 pm to
Salem Five Direct and Dollar SavingsDirect are both offering 3.5% high yield savings rates. Anyone know anything about these? I need to move $100k out of USAA at a whopping 0.02% rate. Smh.
Posted by Topisawtiger
Mississippi
Member since Oct 2012
3616 posts
Posted on 10/29/22 at 8:31 pm to
Duplicate. Sorry.
This post was edited on 10/29/22 at 8:33 pm
Posted by LSURoss
The Bleachers
Member since Dec 2007
15811 posts
Posted on 10/30/22 at 5:46 am to
With these frequent rate changes, are y'all just moving money from account to account chasing the higher rates? Just wondering.
Posted by LSUSports247
Member since Apr 2007
794 posts
Posted on 10/30/22 at 6:53 am to
I can’t speak for other banks but capital one is changing the rate automatically on my 360 performance account. My old 360 account still has .80%, that’s why I opened the new account, 3% is worth the 2 mins it took to open it
This post was edited on 10/30/22 at 6:54 am
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
43832 posts
Posted on 10/30/22 at 8:29 am to
I’m with Discover Bank at 2.35 but will give them a week to go to 3 or else I’m switching to 360. That 3% is very attractive.
Posted by SaintsTiger
1,000,000 Posts
Member since Oct 2014
1160 posts
Posted on 10/30/22 at 9:37 am to
quote:

With these frequent rate changes, are y'all just moving money from account to account chasing the higher rates? Just wondering.


Yes. The SaveBetter platform makes this simple as pie, and aggregates all the high rate products.

Short term treasuries are the better deal, however.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
137427 posts
Posted on 10/30/22 at 9:45 am to
Anybody used ally bank savings? Currently at 2.35% but I was interested in the bucket system.
Posted by TXTIGERTAIL
Member since Oct 2011
281 posts
Posted on 10/30/22 at 10:20 pm to
Changed my Cap One Money market to a Performance Savings thanks to this topic. Thank you!
Posted by dovehunter
Baton Rouge
Member since Sep 2014
1330 posts
Posted on 10/30/22 at 10:27 pm to
AMX at 2.35%. I like AMX. Great cash back and gives you 10 basis points bonus on the Schwab Platinum Card. Look at it. I’m sold.

Capital One Card with 2% back still the best though.
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
8010 posts
Posted on 10/30/22 at 11:28 pm to
Just a heads up if you use the Promo Code Fall22 before 12/14/22 when you open the account you can get a $100, $500, or $1000 bonus for depositing $10k+, $50k+, or $100k+. Gotta keep it in the account for 90 days.
Posted by Jag_Warrior
Virginia
Member since May 2015
4289 posts
Posted on 10/31/22 at 9:06 am to
quote:

Short term treasuries are the better deal, however.


I agree. Much better. The reserve funds that I’d had in HY savings accounts are now being laddered into 3-6 month bills. Later this year/early next, I’ll extend the maturities a bit.
Posted by MDB
Baton Rouge
Member since Nov 2019
3303 posts
Posted on 10/31/22 at 9:08 pm to
Yep. Thanks to this thread I just opened a new Cap 360 Performance Savings at 3%. Old Confidence Savings was stuck at 0.20%.

Would be nice to see it stick for a year … or increase. Thanks guys.
Posted by MDB
Baton Rouge
Member since Nov 2019
3303 posts
Posted on 11/1/22 at 8:40 pm to
Spoke with a CapOne rep today and she said they will adjust savings rate monthly as warranted. Currently 3.0% for November at least. Hope it holds or better.

Also, CapOne 360 CD is paying 4.0% on 12-month CDs. Tempted to move some into that spot.

18-months at 4.05%; 24-month at 4.10%.
This post was edited on 11/1/22 at 8:47 pm
Posted by Bunsbert Montcroff
Phoenix AZ / Boise ID
Member since Jan 2008
5602 posts
Posted on 11/2/22 at 10:47 am to
quote:

Also, CapOne 360 CD is paying 4.0% on 12-month CDs. Tempted to move some into that spot.

the 1 year treasury is at 4.7 percent
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