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Thursday, October 13, 2016

Money Market accout

Even though the interest rates are at historical low I keep looking for places to park my emergency cash. I have a Capital One 360 savings account ... has an interest of 0.75% APY.

It was recently that I came to know about Capital One 360 Money Market account which pays 1.0% APY. So, I wanted to share that with everyone else. It seems like it was started in March 2016.

FDIC insurance up to the maximum allowed by law

P.S 10,000 and higher nets you 1.0% APY. Lower amounts give 0.60% APY (Better off with savings account).

Account Balance Annual Percentage Yield (APY)
$0 - $9,999.99 0.60%
$10,000 or more 1.00%

Click: 360 Money Market

It's really simple if you already have a 360 account. If not it might be worth looking at GS Bank.
Savings: 1.05% APY
No minimum deposit
FDIC insurance up to the maximum allowed by law

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