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Capital One Offering $50 to Open Online Savings Account, Money Market, or CD

Article Submitted by: BankMan
Savings - Checking - CDs


Capital One is offering $50 to open an online savings account, money market, or CD. The account currently pays 2.01% APY on balances above $10,000. That's somewhat competitive according to the BestCashCow rate tables.

 

Submitted: Mar 23, 2009    Views: 340    Comments: 0    Likes: 1   


Capital One is offering $50 to open an online savings account, money market account or certificate of deposit.  The savings account currently pays 2.01% APY on balances above $10,000.  That's a somewhat competitive online savings rate according to the BestCashCow rate tables. The Certificates of Deposit are not rate competitive on their own.

To get the money, you'll need to open one of the products before April, 15, 2009 and have at least $10,000 on deposit by 05/8/2009.  Other important information includes:

  • This must be your first account with Capital One Direct Banking.  They are only looking for new money.
  • Interest credits will be deposited into your account 4-6 weeks after 5/2/2009.
  • The minimum initial deposit amount is $1.

 


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