Anonymous
Post 02/05/2023 19:00     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Cap One went up to 3.4% today.


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.


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.


+1 Same dont recall seeing the emails about it either
Anonymous
Post 02/05/2023 08:48     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
I’d be a little worried to just open an account based on a website. Fraud is so easy. Everyone should make sure a bank is established and not a scam before investing. Not saying anything is wrong with this bank. Just a general warning.


Hate to break it to you, but most people nowadays are opening an account simply based on what they learn from its website. Yes, always better to be safe than sorry. The best one can do is go to the FDIC and ensure that the bank is indeed insured.

But shopping for banking and checking services in the US is generally very safe.
Anonymous
Post 02/04/2023 20:27     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Cap One went up to 3.4% today.


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.


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.


Thanks, will look into that. I double checked yesterday after seeing this thread an we are still at .3 in the 360 savings!


I opened a capital one checking account in 2007 and they do sh*t like this over the years. I started out in high interest checking which then took a back seat to some other product and so on and so forth. I finally moved most of my money elsewhere.
Anonymous
Post 02/04/2023 18:57     Subject: Re:Is 3.5% good APY?
Anonymous wrote:While B of A arrogantly sitting at 0.01 (savings) up to an insulting 0.07 on other accounts.


What is so arrogant about it? If they needed more deposits they would raise the rates. Apparently they don’t need them.
Anonymous
Post 02/04/2023 18:12     Subject: Re:Is 3.5% good APY?
Capital One Performance Savings has 3.4%. I only had a "360 Savings" account getting .3% but opened a Performance Savings account on their mobile app in less than 2 minutes and transferred the bulk of our saving to it.

Anonymous wrote:
Anonymous wrote:Cap One went up to 3.4% today.


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.
Anonymous
Post 02/03/2023 14:27     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Cap One went up to 3.4% today.


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.


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.


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.


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).
Anonymous
Post 02/03/2023 13:54     Subject: Re:Is 3.5% good APY?
While B of A arrogantly sitting at 0.01 (savings) up to an insulting 0.07 on other accounts.
Anonymous
Post 02/03/2023 12:59     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Cap One went up to 3.4% today.


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.


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.


Thanks, will look into that. I double checked yesterday after seeing this thread an we are still at .3 in the 360 savings!
Anonymous
Post 02/03/2023 11:38     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Cap One went up to 3.4% today.


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.


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.


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.
Anonymous
Post 02/02/2023 18:28     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
Anonymous wrote:Primis Bank is now offering 5% APY online checking and savings accounts: https://digital.primisbank.com/brochure/select-product-unauthenticated/select/personal/DDA

I had not heard of them before, but they appear to be a local DMV-area bank that just moved into the high-interest online account space.


I’d be a little worried to just open an account based on a website. Fraud is so easy. Everyone should make sure a bank is established and not a scam before investing. Not saying anything is wrong with this bank. Just a general warning.


Fair enough and good advice for anyone chasing rates. Primis does show up as an FDIC-insured bank established in 2005 and headquartered in Virginia: https://banks.data.fdic.gov/bankfind-suite/bankfind/details/57968
Anonymous
Post 02/02/2023 18:20     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
Anonymous wrote:Cap One went up to 3.4% today.


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.


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.
Anonymous
Post 02/02/2023 18:17     Subject: Is 3.5% good APY?
If you don't mind money markets, the big brokerages have been paying 4% for a few months now.
Anonymous
Post 02/02/2023 18:11     Subject: Re:Is 3.5% good APY?
Anonymous wrote:Primis Bank is now offering 5% APY online checking and savings accounts: https://digital.primisbank.com/brochure/select-product-unauthenticated/select/personal/DDA

I had not heard of them before, but they appear to be a local DMV-area bank that just moved into the high-interest online account space.


I’d be a little worried to just open an account based on a website. Fraud is so easy. Everyone should make sure a bank is established and not a scam before investing. Not saying anything is wrong with this bank. Just a general warning.
Anonymous
Post 02/02/2023 18:04     Subject: Re:Is 3.5% good APY?
Primis Bank is now offering 5% APY online checking and savings accounts: https://digital.primisbank.com/brochure/select-product-unauthenticated/select/personal/DDA

I had not heard of them before, but they appear to be a local DMV-area bank that just moved into the high-interest online account space.
Anonymous
Post 02/02/2023 17:18     Subject: Re:Is 3.5% good APY?
Anonymous wrote:
Anonymous wrote:Cap One went up to 3.4% today.


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.


Capital One 360 Savings is 3.4% rn