Reply to Is 3.5% good APY?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Cap One went up to 3.4% today.
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Which product? I have Cap One 360 and it's .3 - I need to move money out of that account as I have way too much at low rates.[/quote]

I don’t know this for sure but I think CapOne did a bait and switch with their savings accounts.  Prior to the pandemic I was getting fine rates with their 360 product.  I only had emergency money in there so I didn’t pay much attention while rates were near zero.  It was when my wife’s AMEX starting moving up and CapOne didn’t that I got suspicious.  It turns out that their high yield account is now 360 “performance”.  The standard 360 account pays little.[/quote]

Someone posted on this forum that they are now offering 5%, but I am a little suspicious, since you suggest they have a history of bait and switch.[/quote]

I don't know about a bait and switch, but when Cap One rolled out the new products, they froze rates on the old ones (and informed everyone that they were doing so).  You had to open a new account and transfer the money over (which is really easy, but still annoying).  [/quote]

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