Capital One’s online savings account sign-up bonus: $50
October 8th, 2009 Posted in High Yield Savings Accounts
Capital One has a pretty decent promotion going on with their online savings account. Thanks to BankVibe reader James for tipping us off on this one!
When you sign up for Capital One’s online savings account and fund it with at least $10,000 they will toss in an extra $50 into your account. This account is also yielding a fairly respectable 1.60% APY.
Click here and use the promotional code: SAVER50DF
…so if my math serves me correct, this account essentially yields an APY of 2.10% APY for the first year when you add in the $50 bonus (assuming you only fund it with the minimum balance required -$10k).
Quick breakdown:
$50 is 0.50% of $10,000.
add the 0.50% to the 1.60% they already provide and you have just netted yourself a 2.10% APY.
The national average for money market rates sits at roughly 1.25% APY to put this offer in perspective…
Similar Posts:
- Savings accounts and money market accounts
- Money markets can only rise, likely won’t
- S-Bank’s Grand Opening 9 month CD special – Locals Only
- FFirst Tennessee Bank $150 Checking Bonus
- Top Savings Account Rate Drops To 1.16%
