Capital One Costco

The Best Savings Rates, CD Rates, and More

	Email to friend
	Print

Other writing by BankMan

Article Submitted by: BankMan
Savings - Checking - CDs

Tags: Capital one, Costco, Capital one costco.

Please post your comments on your experiences with the Capital One Costco account here.

Submitted: Sep 26, 2008 Views: 4339 Comments: 7 Likes: 1

alt

Sponsor Updates and Offers

Related Articles:

Capital One to Shut Mortgage Unit GreenPoint Mortgage by Sam Cass - Aug 20, 2007
Capital One SmartCents Review by Sam Cass - Sep 24, 2009
20 credit cards that pay you back by ktexas - Mar 14, 2009
COSTCO and the RICH by Marc Freedman - Oct 10, 2007
Big Savings by Changing the Design of the Milk Jug by ktexas - Jun 30, 2008
Cheaper Online Stock Trading and My New Costco-Amex Card by andys2i - Nov 15, 2009.

Email this story Email to someone | Print Content | Add to reading list

Comments Received:

FS
(Unregistered)

3.05% as of 12/29/08

Posted: Dec 29, 2008

Former Capital One Bank Client.
(Unregistered)

Beware of Capital One Online Bank.

After account was opened they froze my account with $175,000 and claimed they had a right to review it and submit three forms of id: SS Card, Drivers License, and Utility Bill. All AFTER you open the account. (All after I was client for 60 days!!)

After fighting with them for a month, I got money from bank. God forbid you don't have right information; their agreement specifies they can take your money in the name of the Patriot Act.

In addition, they delay processing money transfers by two additional days for the float, and dropped rates day after aggressive advertising campaign.

My advise: Stay away!

Posted: Jan 22, 2009

smokey
(Unregistered)

Their back-office procedures are a mess. But the interest rate is pretty good, and you can write checks on this Costco account with CapOne.

Posted: Mar 1, 2009

Pilm
(Unregistered)

I was attracted to Capital One thru the special Costco savings program a few years ago and have found that they continue to have one of the better rates. You can find higher rates but to Captial One's credit they haven't nose dived as badly as some banks (Emigrant, WT Direct, E-Trade, Provident, etc). On the bad side, I really don't like Captial One's super long holds on transfers in and out. They have the longest holds of any bank I deal with (E-Trade is the best in my experience), which means they really aren't a contender in this market of rate chasing. Pity for them!

Posted: Mar 7, 2009

new yorker
(Unregistered)

No capital one for me

Posted: May 26, 2009

Kirk
(Unregistered)

I've been exploring the best rates for a money market account and started off with capital one online banking at 1.60% intro rate, after 60 days they dropped it to 1.40%. So far, capital one has been very good to me. I was able to deposite and withdrawal money with no penalties or hidden fees. They pay whatever interest you earn on a monthly basis and deposite to your account, all itemized. After reading the reviews of other banks (from angry customers) who offer higher interests rate, I decided to just stay put with Capital One online banking, eventhough the interest rate is low, they have great customer service and they don't jack with your money.

Posted: Jul 2, 2009

Quizzer
(Unregistered)

Whats the best option to move from Ally?
-Discover
-AmEx
-Cap1

Thanks

Posted: Aug 17, 2009

Financial products of all nature bear inherent risks and this website is not a financial advisory service; it is a forum for users to share and to compare notes and observations on financial publications. The website provides, free of charge, the technical and logistical apparatus and the medium for users to share and to publish financial information and to comment on publications. As such, the website’s operator can not and does not take responsibility for information, observations or opinions of any sort or nature provided by third parties with whom it is not affiliated who use the website to publish, to comment or as a means of solicitation. Users are specifically warned against following any advice related to specific instruments, including, but not limited to, equity securities, that may be provided by other users directly on this site or on web pages to which other users have provided links on this site. BestCashCow.com can not and does not check or verify the qualifications and credentials of users who publish or comment on this site or on linked pages. Users should seek personalized advice from qualified professionals regarding all personal financial issues and evaluate the risks and applicability to their own circumstances of each financial product discussed regardless of who the publisher is or purports to be. Should you, through your use of this site, identify an individual or organization purporting to offer personalized advice, you bear all responsibility to ensure that the individual or organization has the qualifications that they may represent on the website, and that their advice is appropriate for your circumstances. On certain webpages, BestCashCow.com provides information related to rates on US-based savings accounts, CDs, short-term government bonds, and other US cash equivalent securities, also free of charge to internet users for their independent use. The accuracy of this information is not guaranteed, and the information, like all other information on this website, should not be construed to provide investment advice, nor to endorse a financial product of any sort.

The Best Savings Rates, CD Rates, and More

Other writing by BankMan

Tags