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VermilionTiger
USA Fan
Member since Dec 2012
36090 posts
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Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15

Just found out that they have a 2.30% APY Savings Account. I have most of my money tied up in the market, but I do like to keep some in my Savings.
This post was edited on 12/15 at 4:07 pm


Ace Midnight
Between sanity and madness
Member since Dec 2006
86459 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
I just closed the money market I had with them (that just had a nice bump UP to 0.8% ) and rolled it into the 360PS. Now, to be fair, CapOne likes to bait and switch - when I opened that money market (not that long ago), it was paying 2 points at first.


ChewyDante
LSU Fan
Member since Jan 2007
16841 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
quote:

CapOne likes to bait and switch


Yep. When I switched to Cap1 360 the savings interest rate was one of the best around. A few months later it was significantly reduced.


Teddy Ruxpin
LSU Fan
Member since Oct 2006
38564 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
That was probably due to interest rates being lowered. It wasn't specific to Cap One.

All the banks will eventually follow each other, some move faster or slower or by differing amounts but trajectory will be the same.
This post was edited on 10/19 at 10:00 am


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60
MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
9413 posts
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re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
nm
This post was edited on 10/19 at 10:37 am


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LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
3503 posts
 Online 

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
WTF man

My checking account was forced over to the 360 Checking Account.

My savings account is still not the 360 Savings and is only getting a whopping 0.3%.


Phate
New Orleans Saints Fan
Baton Rouge
Member since Mar 2006
11663 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
I have my emergency savings in Wealthfront which is 2.55%


VermilionTiger
USA Fan
Member since Dec 2012
36090 posts
 Online 

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
Create one and transfer it to the 360 performance savings account

It took me 2 minutes on a computer


Teddy Ruxpin
LSU Fan
Member since Oct 2006
38564 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
I'm digging Sofi because checking gets 2.5 (as well as savings) so no need for shenanigans.


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Pezzo
LSU Fan
Member since Aug 2020
1117 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
just looked up what the highest APY is and currently fitness bank ahs a 3.5 APY

have not looked into the details though

https://www.investopedia.com/best-high-yield-savings-accounts-4770633
This post was edited on 10/19 at 10:32 am


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Ballstein32
Auburn Fan
Member since May 2020
350 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
LINK

ETA: didn't realize my link just posted as link. This link goes to nerdwallet, which lists and gives info and stuff about high yield savings accounts.
This post was edited on 10/19 at 12:38 pm


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Teddy Ruxpin
LSU Fan
Member since Oct 2006
38564 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
You can count me out on these random no name banks. Seems suspect. I'll take lower APY to know it isn't being run out of someone's basement.


LSUSports247
LSU Fan
Member since Apr 2007
269 posts
 Online 

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
Use the mobile app to create a new 360 performance account and transfer money from your old savings. Real easy

I did this beginning of October, the interest rate has went up from 2.15 to 2.30 since I opened it


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30
armsdealer
New Orleans Pelicans Fan
Member since Feb 2016
9639 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
I moved $15k to a cap one savings and I am putting $750 every two weeks to allocate money for a down payment on our next house. I figure it is better to do that than touch Ibonds. We should have $150-$200k equity in our house now but I want to buy before we sell. I never want to sell I house I am living in every again, empty it out, clean it up and hand it over to the realtor is my plan.


Neauxla_Tiger
LSU Fan
Member since Feb 2015
1672 posts
 Online 

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
quote:

I want to buy before we sell. I never want to sell I house I am living in every again, empty it out, clean it up and hand it over to the realtor is my plan.


Not to hijack the thread, but this makes life so much easier if you can afford that luxury. I wanted to have time to do some painting and minor renovations in my new house before it was cluttered with boxes. And moving everything piecemeal over a couple weeks is so much easier than having to move everything you own in a day or two.

Only downside for me was that Ida hit during my transition so I had two houses I had to stress about during the storm. Fortunately neither took serious damage, but I had to delay listing my other one for a few weeks while I cleared all the tree limbs and debris. On the positive side, demand for houses with no trees on them and with whole-home generators installed probably went up . Moral of the story is to save plenty in case something unforeseen keeps you from selling the other one on your original timeline.


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LordSaintly
New Orleans Saints Fan
Member since Dec 2005
36989 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
quote:

You can count me out on these random no name banks.


I'm fine with it if it's FDIC insured. I have funds in Emigrant Direct and it's 2% APY right now.
This post was edited on 10/19 at 8:02 pm


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11
Turf Taint
LSU Fan
New Orleans
Member since Jun 2021
5445 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
(1+.023)^n = keep working!


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VermilionTiger
USA Fan
Member since Dec 2012
36090 posts
 Online 

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
quote:

I moved $15k to a cap one savings and I am putting $750 every two weeks to allocate money for a down payment on our next house. I figure it is better to do that than touch Ibonds.


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


LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
3503 posts
 Online 

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
quote:

Create one and transfer it to the 360 performance savings account

It took me 2 minutes on a computer

I get it and this is what I did, but it’s frustrating. I’ve had a “High Yield Savings Account” through CapitalOne for the last 10+ years (originally with ING Direct). They transitioned me from the old high yield savings and checking accounts to the 360 versions.

However, when they release a new, equivalent/replacement product with a higher interest rate, I have to manually transfer everything and create a new account. Looks like this 360 Performance goes back to at least May, and is their only savings account. Why would they not just transition everyone with a savings account to their new product? Or even advertise it to their existing customers, since this is the first place I’ve seen it mentioned.


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40
Bermuda99
LSU Fan
Member since Jun 2021
100 posts

re: Capital One 360 Performance Savings - UPDATE: 3.30 % APY as of 12/15
Capital one just went from 2.35 to 3%.


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