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

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.

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.

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%.

Create one and transfer it to the 360 performance savings account

It took me 2 minutes on a computer

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

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.

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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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.

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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.

(1+.023)^n = keep working!

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Create one and transfer it to the 360 performance savings account

It took me 2 minutes on a computer

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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.