Capital One is at it again

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BogleFan510
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Re: Capital One is at it again

Post by BogleFan510 »

And yet we still see threads worrying about rampant inflation. Nice retrospective.
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JoMoney
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Re: Capital One is at it again

Post by JoMoney »

BogleFan510 wrote: Sun Sep 12, 2021 9:56 am And yet we still see threads worrying about rampant inflation. Nice retrospective.
July 2020 - July 2021 CPI has been over 5%
https://www.bls.gov/data/inflation_calculator.htm
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Barefootgirl
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Re: Capital One is at it again

Post by Barefootgirl »

Yeah, I need to move that money to a better paying account.
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TropikThunder
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Re: Capital One is at it again

Post by TropikThunder »

JoMoney wrote: Sun Sep 12, 2021 10:00 am
BogleFan510 wrote: Sun Sep 12, 2021 9:56 am And yet we still see threads worrying about rampant inflation. Nice retrospective.
July 2020 - July 2021 CPI has been over 5%
https://www.bls.gov/data/inflation_calculator.htm
But it was less than 1% from July 2019 to July 2020, so from 2019 to 2021 it’s 6.4% which is roughly 3% per year. From 2018 it’s 8.33%, which is about 2.7% per year. That’s not a crisis.

Using July 2020 as the starting point is a little disingenuous. Almost as if some large economic downturn had artificially lowered prices in summer 2020, but I can’t think of anything ….
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JoMoney
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Re: Capital One is at it again

Post by JoMoney »

TropikThunder wrote: Sun Sep 12, 2021 11:21 am
JoMoney wrote: Sun Sep 12, 2021 10:00 am
BogleFan510 wrote: Sun Sep 12, 2021 9:56 am And yet we still see threads worrying about rampant inflation. Nice retrospective.
July 2020 - July 2021 CPI has been over 5%
https://www.bls.gov/data/inflation_calculator.htm
But it was less than 1% from July 2019 to July 2020, so from 2019 to 2021 it’s 6.4% which is roughly 3% per year. That’s not a crisis.

Using July 2020 as the starting point is a little disingenuous. Almost as if some large economic downturn had artificially lowered prices in summer 2019, but I can’t think of anything ….
The CPI over the past year is what it is, it's not "disingenuous" it's a fact.
As is the bank interest rates available over the past year.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
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anon_investor
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Re: Capital One is at it again

Post by anon_investor »

JD2775 wrote: Sun Sep 12, 2021 9:52 am as the OP I got curious after just seeing this thread pop up again...

I just checked, now its at 0.3%, down from 0.8% just over a year ago when I first posted.
With just about all the other popular online savings accounts paying 0.4-0.5%, Cap1 is not competitive at all.
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Re: Capital One is at it again

Post by JackoC »

JoMoney wrote: Sun Sep 12, 2021 11:29 am
TropikThunder wrote: Sun Sep 12, 2021 11:21 am
JoMoney wrote: Sun Sep 12, 2021 10:00 am
BogleFan510 wrote: Sun Sep 12, 2021 9:56 am And yet we still see threads worrying about rampant inflation. Nice retrospective.
July 2020 - July 2021 CPI has been over 5%
https://www.bls.gov/data/inflation_calculator.htm
But it was less than 1% from July 2019 to July 2020, so from 2019 to 2021 it’s 6.4% which is roughly 3% per year. That’s not a crisis.

Using July 2020 as the starting point is a little disingenuous. Almost as if some large economic downturn had artificially lowered prices in summer 2019, but I can’t think of anything ….
The CPI over the past year is what it is, it's not "disingenuous" it's a fact.
As is the bank interest rates available over the past year.
Politics tends to seep into people's idea of what's a 'fair comparison' and what's 'disingenuous' in quoting recent inflation, but as you say the comparison of the CPI index between any two dates is a fact in the narrow sense if the person is quoting the numbers BLS released. But, inflation doesn't directly enter into the decision which bank to put your money in, also a fact. And IMO (really also a fact, just a fact more people refuse to recognize than the first fact :happy ) hasn't much to do with deciding how much money to put in the bank vs. the stock market either. Capital One pays less than other accounts I already have (not even a question of the trouble of opening more accounts) so my Cap 1 savings account is empty and my cash reserve is in higher paying banks. CPI doesn't enter into that decision at all. And again I believe it naive to think the stock market offers a better opportunity relative to cash, including risk, when inflation is X than when inflation is Y, for the reason we've all basically agreed on in adopting the 'BH philosophy': the stock market is priced by buyers and sellers well aware of deposit rates, recent changes in CPI, and depending inter alia on their expectations of the future course of each.
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Leif
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Re: Capital One is at it again

Post by Leif »

anon_investor wrote: Sun Sep 12, 2021 11:35 am
JD2775 wrote: Sun Sep 12, 2021 9:52 am as the OP I got curious after just seeing this thread pop up again...

I just checked, now its at 0.3%, down from 0.8% just over a year ago when I first posted.
With just about all the other popular online savings accounts paying 0.4-0.5%, Cap1 is not competitive at all.
You made me look! My Cap One 360 Performance Savings is showing 0.4% APY.
BogleHead1008
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Re: Capital One is at it again

Post by BogleHead1008 »

hmmm... Alliant credit union had 0.55% right now, which is better than capital ones MM account.
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Re: Capital One is at it again

Post by LadyGeek »

PenFed Credit Union premium online savings is showing 0.45% APY.
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anon_investor
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Re: Capital One is at it again

Post by anon_investor »

Leif wrote: Sun Sep 12, 2021 1:11 pm
anon_investor wrote: Sun Sep 12, 2021 11:35 am
JD2775 wrote: Sun Sep 12, 2021 9:52 am as the OP I got curious after just seeing this thread pop up again...

I just checked, now its at 0.3%, down from 0.8% just over a year ago when I first posted.
With just about all the other popular online savings accounts paying 0.4-0.5%, Cap1 is not competitive at all.
You made me look! My Cap One 360 Performance Savings is showing 0.4% APY.
My Ally is 0.5%. I know Marcus is 0.5%.
bethanybeachreader
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Re: Capital One is at it again

Post by bethanybeachreader »

My Citi accelerate savings is still paying .5%
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Leif
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Re: Capital One is at it again

Post by Leif »

anon_investor wrote: Sun Sep 12, 2021 1:50 pm
Leif wrote: Sun Sep 12, 2021 1:11 pm
anon_investor wrote: Sun Sep 12, 2021 11:35 am
JD2775 wrote: Sun Sep 12, 2021 9:52 am as the OP I got curious after just seeing this thread pop up again...

I just checked, now its at 0.3%, down from 0.8% just over a year ago when I first posted.
With just about all the other popular online savings accounts paying 0.4-0.5%, Cap1 is not competitive at all.
You made me look! My Cap One 360 Performance Savings is showing 0.4% APY.
My Ally is 0.5%. I know Marcus is 0.5%.
Like you said, 0.4-0.5, My Synchrony is 0.5. Amex is 0.4. My response was for 0.3 for Cap1. That made me look, since just last week I saw 0.4. Still at 0.4. So in the range of competitive.
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anon_investor
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Re: Capital One is at it again

Post by anon_investor »

Leif wrote: Sun Sep 12, 2021 3:42 pm
anon_investor wrote: Sun Sep 12, 2021 1:50 pm
Leif wrote: Sun Sep 12, 2021 1:11 pm
anon_investor wrote: Sun Sep 12, 2021 11:35 am
JD2775 wrote: Sun Sep 12, 2021 9:52 am as the OP I got curious after just seeing this thread pop up again...

I just checked, now its at 0.3%, down from 0.8% just over a year ago when I first posted.
With just about all the other popular online savings accounts paying 0.4-0.5%, Cap1 is not competitive at all.
You made me look! My Cap One 360 Performance Savings is showing 0.4% APY.
My Ally is 0.5%. I know Marcus is 0.5%.
Like you said, 0.4-0.5, My Synchrony is 0.5. Amex is 0.4. My response was for 0.3 for Cap1. That made me look, since just last week I saw 0.4. Still at 0.4. So in the range of competitive.
Until Cap1 lowers it and create a "new and improved" online savings product. At least that has been their MO.
mortfree
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Re: Capital One is at it again

Post by mortfree »

I just did the quicksilver credit card offer from CapOne.

$200 if you spend $500 in first 3 months.

0% for 15 months.

Makes up for the low “savings” account rate.
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Re: Capital One is at it again

Post by lostdog »

mortfree wrote: Sun Sep 12, 2021 4:28 pm I just did the quicksilver credit card offer from CapOne.

$200 if you spend $500 in first 3 months.

0% for 15 months.

Makes up for the low “savings” account rate.
+1

I'm loving the Cap One app. Well put together and easy.
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Marseille07
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Re: Capital One is at it again

Post by Marseille07 »

mortfree wrote: Sun Sep 12, 2021 4:28 pm I just did the quicksilver credit card offer from CapOne.

$200 if you spend $500 in first 3 months.

0% for 15 months.

Makes up for the low “savings” account rate.
I'm in the process of doing this. I like Cap1 personally.
BogleFan510
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Re: Capital One is at it again

Post by BogleFan510 »

T-Mobile Money still paying 1%, though some annoying transaction limits. My EF there is at least getting something.
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Re: Capital One is at it again

Post by iamlucky13 »

TropikThunder wrote: Sun Sep 12, 2021 11:21 am
JoMoney wrote: Sun Sep 12, 2021 10:00 am
BogleFan510 wrote: Sun Sep 12, 2021 9:56 am And yet we still see threads worrying about rampant inflation. Nice retrospective.
July 2020 - July 2021 CPI has been over 5%
https://www.bls.gov/data/inflation_calculator.htm
But it was less than 1% from July 2019 to July 2020, so from 2019 to 2021 it’s 6.4% which is roughly 3% per year. From 2018 it’s 8.33%, which is about 2.7% per year. That’s not a crisis.

Using July 2020 as the starting point is a little disingenuous. Almost as if some large economic downturn had artificially lowered prices in summer 2020, but I can’t think of anything ….
I would say there is no single time frame that tells the full story clearly. Our financial independence is going to be most affected by the long-term trends, but short term trends, even for time frames after the start of the pandemic, could be the start of a new long term trend.

https://www.bls.gov/cpi/tables/suppleme ... 202107.pdf

CPI-U went down 1% from February 2020 to April 2020, but it was short-lived. By July 2020, the index had recovered and reached a new historic high. I looked backwards at inflation through July 2021 versus a couple different starting point (calculating as a monthly rate due to the varying time frames I'm using, then compound to annualized rate). Perhaps it would be better to do this as rolling inflation rates over fixed duration periods, but I'm just going to start with the direction this thread went - looking at inflation rates over varying durations ending with the most recent data:

Annualized inflation rate through July 2021...
- vs. Jan 2019: 3.2%
- vs. Jan 2020 (pre-pandemic): 3.8%
- vs. July 2020: 5.4%
- vs. Jan 2021: 8.9% (less than 1 year - 4.4% over 6 months)

One of the concerns is that it seems to be accelerating, which fits many expectations for the present situation: large economic stimulus program pushing money into the economy to increase demand, decreased productivity in many sectors reducing supply, and a sustained decrease in labor participation creating upward wage pressure increasing costs.

I don't know if this inflation will continue, but it appears to me there are strong odds that it will. If so, the portion of my savings sitting at CapitalOne are going to continue losing value.

On the other hand, the portion of my savings invested in the stock market have potential to do significantly worse than what is at the bank. Changing my asset allocation to chase uncertain short-term yield doesn't seem prudent, because my money in savings is not there specifically for the sake of beating inflation. Nor am I going to run in circles, changing banks over and over to chase 0.1% gains in return that are likely to flee a few months later anyways.
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Chip Munk
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Re: Capital One is at it again

Post by Chip Munk »

Leif wrote: Sun Sep 12, 2021 1:11 pm
anon_investor wrote: Sun Sep 12, 2021 11:35 am
JD2775 wrote: Sun Sep 12, 2021 9:52 am as the OP I got curious after just seeing this thread pop up again...

I just checked, now its at 0.3%, down from 0.8% just over a year ago when I first posted.
With just about all the other popular online savings accounts paying 0.4-0.5%, Cap1 is not competitive at all.
You made me look! My Cap One 360 Performance Savings is showing 0.4% APY.
Time to take another look. The rate is now 0.60% APY.
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Leif
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Re: Capital One is at it again

Post by Leif »

Chip Munk wrote: Mon Apr 25, 2022 4:10 pm
Leif wrote: Sun Sep 12, 2021 1:11 pm
anon_investor wrote: Sun Sep 12, 2021 11:35 am
JD2775 wrote: Sun Sep 12, 2021 9:52 am as the OP I got curious after just seeing this thread pop up again...

I just checked, now its at 0.3%, down from 0.8% just over a year ago when I first posted.
With just about all the other popular online savings accounts paying 0.4-0.5%, Cap1 is not competitive at all.
You made me look! My Cap One 360 Performance Savings is showing 0.4% APY.
Time to take another look. The rate is now 0.60% APY.
Yes, I saw that a few days ago. I was thinking to move to a higher yielding company, but their timing was good this time.
Grasshopper
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Re: Capital One is at it again

Post by Grasshopper »

I guess I have to clean up my browser, I have been checking about every three days and never saw .60%, t :beer hanks. Moving back from Discover Bank at .50, at the end of the month unless they raise their interest.
international001
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Re: Capital One is at it again

Post by international001 »

I wouldn't rush it. OFten Ally just follows up in a few weeks/months. Marcus already offering 60%
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Re: Capital One is at it again

Post by 9-5 Suited »

We had accumulated some cash in our AA, mostly just out of a desire for convenience to be able to access money without buy/sell transactions. But I couldn't really stomach it anymore with these paltry rates as expected returns are growing for other assets, so I used the opportunity to re-evaluate and put almost all of it back into the stock/bond mix. With a good sized taxable account and never having needed more than $5K of quick cash at any time before, just time to move on.
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Re: Capital One is at it again

Post by dboeger1 »

international001 wrote: Wed Apr 27, 2022 4:03 pm I wouldn't rush it. OFten Ally just follows up in a few weeks/months. Marcus already offering 60%
60%?

TAKE MY MONEY!!!
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Re: Capital One is at it again

Post by mokaThought »

American Express Personal Savings just bumped the rate up to 0.60%. Haven’t had any issues with them over the last 10+ years.
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Re: Capital One is at it again

Post by Grasshopper »

Discover Bank raised to .60% on savings.
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JD2775
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Re: Capital One is at it again

Post by JD2775 »

My Capital One MM account is still showing 0.30%. Are others really seeing 0.60% now in theirs? Hmmmmmm
azb
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Re: Capital One is at it again

Post by azb »

The Savings account rate is nor at 0.6%, but the MM remains unchanged at 0.3$.
Morik
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Re: Capital One is at it again

Post by Morik »

Radius bank (Lendingclub) is at 0.7%
NYCPete
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Re: Capital One is at it again

Post by NYCPete »

JD2775 wrote: Fri Apr 29, 2022 9:48 am My Capital One MM account is still showing 0.30%. Are others really seeing 0.60% now in theirs? Hmmmmmm
That's because Capital One did a really underhanded bait & switch a few years ago to its longtime customers. Existing customers were left in their money market account or 360 Savings account, but new customers were being offered the "360 Performance Savings" account. https://www.capitalone.com/bank/savings ... s-account/

The "Money Market" fund is paying 0.30%. The "360 Performance Savings" accounts are paying 0.60% as of today.

Capital One likely started offering this new account, figuring pre-existing customers wouldn't notice it and continue to leave their money in the money market and "regular" 360 savings accounts. Sorry if this is what has happened to you. (It happened to me too!)

Best,
Peter

P.S. CapOne360 gives one the ability to nickname accounts. After I migrated everything to the 360 Performance, I nicknamed all the old accounts "bait and switch!" :x
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JD2775
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Re: Capital One is at it again

Post by JD2775 »

NYCPete wrote: Fri Apr 29, 2022 10:53 am
JD2775 wrote: Fri Apr 29, 2022 9:48 am My Capital One MM account is still showing 0.30%. Are others really seeing 0.60% now in theirs? Hmmmmmm
That's because Capital One did a really underhanded bait & switch a few years ago to its longtime customers. Existing customers were left in their money market account or 360 Savings account, but new customers were being offered the "360 Performance Savings" account. https://www.capitalone.com/bank/savings ... s-account/

The "Money Market" fund is paying 0.30%. The "360 Performance Savings" accounts are paying 0.60% as of today.

Capital One likely started offering this new account, figuring pre-existing customers wouldn't notice it and continue to leave their money in the money market and "regular" 360 savings accounts. Sorry if this is what has happened to you. (It happened to me too!)

Best,
Peter

P.S. CapOne360 gives one the ability to nickname accounts. After I migrated everything to the 360 Performance, I nicknamed all the old accounts "bait and switch!" :x
Got it. Thanks. Maybe I'll look into someplace else
Atgard
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Re: Capital One is at it again

Post by Atgard »

NYCPete wrote: Fri Apr 29, 2022 10:53 am
JD2775 wrote: Fri Apr 29, 2022 9:48 am My Capital One MM account is still showing 0.30%. Are others really seeing 0.60% now in theirs? Hmmmmmm
That's because Capital One did a really underhanded bait & switch a few years ago to its longtime customers. Existing customers were left in their money market account or 360 Savings account, but new customers were being offered the "360 Performance Savings" account. https://www.capitalone.com/bank/savings ... s-account/

The "Money Market" fund is paying 0.30%. The "360 Performance Savings" accounts are paying 0.60% as of today.

Capital One likely started offering this new account, figuring pre-existing customers wouldn't notice it and continue to leave their money in the money market and "regular" 360 savings accounts. Sorry if this is what has happened to you. (It happened to me too!)

Best,
Peter

P.S. CapOne360 gives one the ability to nickname accounts. After I migrated everything to the 360 Performance, I nicknamed all the old accounts "bait and switch!" :x
Yes, this bait & switch is annoying, but it happened all the time at lots of banks -- I remember back while rate chasing in the good old days (2004–2007 or so when you could get 5% at HYSAs) that CitiBank would constantly create these new accounts ("Performance Savings!" "Ultimate Savings!" "Ultimate Performance Savings!" etc.) with high yields to attract new customers, and then quietly lower their "old" account rates. So we had to keep moving our money over from one to the next every couple of months.

(Not defending Cap One 360 particularly, but to be fair I've been with them for over 15 years, since they were ING Direct, and this is the only time I recall them doing this. It happened a few years ago as I recall.)
PugetSoundguy
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Re: Capital One is at it again

Post by PugetSoundguy »

I got an email bonus offer from Capital One.

$20,000 or more new money into the 360 Performance Savings account gets $150 (in addition to the new 0.60% rate)
$50,000 or more gets $450.

Money has to be transferred by May 13, 2022 and has to stay in the Capital One account until at least August 12, 2022.
FedGuy
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Re: Capital One is at it again

Post by FedGuy »

Atgard wrote: Fri Apr 29, 2022 12:09 pmYes, this bait & switch is annoying, but it happened all the time at lots of banks -- I remember back while rate chasing in the good old days (2004–2007 or so when you could get 5% at HYSAs) that CitiBank would constantly create these new accounts ("Performance Savings!" "Ultimate Savings!" "Ultimate Performance Savings!" etc.) with high yields to attract new customers, and then quietly lower their "old" account rates. So we had to keep moving our money over from one to the next every couple of months.
And Citi usually wouldn't let you convert your existing account to the new type, so you had to open a second (or third, etc.) account to get the higher interest rate. I still have multiple savings accounts at Citi because of that nonsense.

Of course, i now have two savings accounts at Capital One for exactly the same reason.
international001
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Re: Capital One is at it again

Post by international001 »

Ally just updated to 0.60% its saving account
e5116
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Re: Capital One is at it again

Post by e5116 »

PugetSoundguy wrote: Fri Apr 29, 2022 12:41 pm I got an email bonus offer from Capital One.

$20,000 or more new money into the 360 Performance Savings account gets $150 (in addition to the new 0.60% rate)
$50,000 or more gets $450.

Money has to be transferred by May 13, 2022 and has to stay in the Capital One account until at least August 12, 2022.
I got this too. Seems to be a targeted offer. I'm doing it rather than having my cash in a non-paying checking account. I'll take the $525 or whatever for the 3 months (bonus + interest). Maybe it'll be paying more than 0.6% by the end of it too.
gtrplayer
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Re: Capital One is at it again

Post by gtrplayer »

NYCPete wrote: Fri Apr 29, 2022 10:53 am
JD2775 wrote: Fri Apr 29, 2022 9:48 am My Capital One MM account is still showing 0.30%. Are others really seeing 0.60% now in theirs? Hmmmmmm
That's because Capital One did a really underhanded bait & switch a few years ago to its longtime customers. Existing customers were left in their money market account or 360 Savings account, but new customers were being offered the "360 Performance Savings" account. https://www.capitalone.com/bank/savings ... s-account/

The "Money Market" fund is paying 0.30%. The "360 Performance Savings" accounts are paying 0.60% as of today.

Capital One likely started offering this new account, figuring pre-existing customers wouldn't notice it and continue to leave their money in the money market and "regular" 360 savings accounts. Sorry if this is what has happened to you. (It happened to me too!)

Best,
Peter

P.S. CapOne360 gives one the ability to nickname accounts. After I migrated everything to the 360 Performance, I nicknamed all the old accounts "bait and switch!" :x
I don’t understand why MM has a lower rate but I don’t think there was anything underhanded. I switched a couple years go when Capital One kept pushing the savings account on me in the app. I’m pretty sure I even got a bonus for switching. I don’t know why they don’t want people in the MM but I know it wasn’t hidden from me.
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Re: Capital One is at it again

Post by ApeAttack »

international001 wrote: Tue May 10, 2022 8:03 pm Ally just updated to 0.60% its saving account
Just got the email announcement today. Hopefully rates will continue to keep moving up.
May all your index funds gain +0.5% today.
student
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Re: Capital One is at it again

Post by student »

e5116 wrote: Tue May 10, 2022 9:51 pm
PugetSoundguy wrote: Fri Apr 29, 2022 12:41 pm I got an email bonus offer from Capital One.

$20,000 or more new money into the 360 Performance Savings account gets $150 (in addition to the new 0.60% rate)
$50,000 or more gets $450.

Money has to be transferred by May 13, 2022 and has to stay in the Capital One account until at least August 12, 2022.
I got this too. Seems to be a targeted offer. I'm doing it rather than having my cash in a non-paying checking account. I'll take the $525 or whatever for the 3 months (bonus + interest). Maybe it'll be paying more than 0.6% by the end of it too.
I think it is a public offer. https://www.doctorofcredit.com/capital- ... 0-deposit/
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Re: Capital One is at it again

Post by angelescrest »

student wrote: Wed May 11, 2022 6:05 am
e5116 wrote: Tue May 10, 2022 9:51 pm
PugetSoundguy wrote: Fri Apr 29, 2022 12:41 pm I got an email bonus offer from Capital One.

$20,000 or more new money into the 360 Performance Savings account gets $150 (in addition to the new 0.60% rate)
$50,000 or more gets $450.

Money has to be transferred by May 13, 2022 and has to stay in the Capital One account until at least August 12, 2022.
I got this too. Seems to be a targeted offer. I'm doing it rather than having my cash in a non-paying checking account. I'll take the $525 or whatever for the 3 months (bonus + interest). Maybe it'll be paying more than 0.6% by the end of it too.
I think it is a public offer. https://www.doctorofcredit.com/capital- ... 0-deposit/
“If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2019, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.”
student
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Joined: Fri Apr 03, 2015 6:58 am

Re: Capital One is at it again

Post by student »

angelescrest wrote: Wed May 11, 2022 7:05 am
student wrote: Wed May 11, 2022 6:05 am
e5116 wrote: Tue May 10, 2022 9:51 pm
PugetSoundguy wrote: Fri Apr 29, 2022 12:41 pm I got an email bonus offer from Capital One.

$20,000 or more new money into the 360 Performance Savings account gets $150 (in addition to the new 0.60% rate)
$50,000 or more gets $450.

Money has to be transferred by May 13, 2022 and has to stay in the Capital One account until at least August 12, 2022.
I got this too. Seems to be a targeted offer. I'm doing it rather than having my cash in a non-paying checking account. I'll take the $525 or whatever for the 3 months (bonus + interest). Maybe it'll be paying more than 0.6% by the end of it too.
I think it is a public offer. https://www.doctorofcredit.com/capital- ... 0-deposit/
“If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2019, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.”
I am aware of this but it is still not a targeted offer. So I view it as a public offer even though it has this restriction, which I think it is typical. Many credit cards and savings accounts offers have such restrictions.
e5116
Posts: 867
Joined: Mon Oct 05, 2009 11:22 am

Re: Capital One is at it again

Post by e5116 »

student wrote: Wed May 11, 2022 7:42 am
angelescrest wrote: Wed May 11, 2022 7:05 am
student wrote: Wed May 11, 2022 6:05 am
e5116 wrote: Tue May 10, 2022 9:51 pm
PugetSoundguy wrote: Fri Apr 29, 2022 12:41 pm I got an email bonus offer from Capital One.

$20,000 or more new money into the 360 Performance Savings account gets $150 (in addition to the new 0.60% rate)
$50,000 or more gets $450.

Money has to be transferred by May 13, 2022 and has to stay in the Capital One account until at least August 12, 2022.
I got this too. Seems to be a targeted offer. I'm doing it rather than having my cash in a non-paying checking account. I'll take the $525 or whatever for the 3 months (bonus + interest). Maybe it'll be paying more than 0.6% by the end of it too.
I think it is a public offer. https://www.doctorofcredit.com/capital- ... 0-deposit/
“If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2019, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.”
I am aware of this but it is still not a targeted offer. So I view it as a public offer even though it has this restriction, which I think it is typical. Many credit cards and savings accounts offers have such restrictions.
Two different offers. The one I got was targeted. It's for targeted existing Capital One customers only, NOT all existing Capital One customers. I was referring to this because of PugetSounds post about it, requiring new money to an existing account.

The offer you linked is to open a NEW account. I guess they're the same amounts but apply to different sets of people. If you have a current 360 Performance Savings account and did not get the targeted email, however, you'd be ineligible for the promotion. So, yeah, the offer you mentioned is public/with promo code with restrictions as you stated.
student
Posts: 10761
Joined: Fri Apr 03, 2015 6:58 am

Re: Capital One is at it again

Post by student »

e5116 wrote: Wed May 11, 2022 8:43 pm
student wrote: Wed May 11, 2022 7:42 am
angelescrest wrote: Wed May 11, 2022 7:05 am
student wrote: Wed May 11, 2022 6:05 am
e5116 wrote: Tue May 10, 2022 9:51 pm

I got this too. Seems to be a targeted offer. I'm doing it rather than having my cash in a non-paying checking account. I'll take the $525 or whatever for the 3 months (bonus + interest). Maybe it'll be paying more than 0.6% by the end of it too.
I think it is a public offer. https://www.doctorofcredit.com/capital- ... 0-deposit/
“If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2019, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.”
I am aware of this but it is still not a targeted offer. So I view it as a public offer even though it has this restriction, which I think it is typical. Many credit cards and savings accounts offers have such restrictions.
Two different offers. The one I got was targeted. It's for targeted existing Capital One customers only, NOT all existing Capital One customers. I was referring to this because of PugetSounds post about it, requiring new money to an existing account.

The offer you linked is to open a NEW account. I guess they're the same amounts but apply to different sets of people. If you have a current 360 Performance Savings account and did not get the targeted email, however, you'd be ineligible for the promotion. So, yeah, the offer you mentioned is public/with promo code with restrictions as you stated.
Thanks for the clarification.
international001
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Joined: Thu Feb 15, 2018 6:31 pm

Re: Capital One is at it again

Post by international001 »

ApeAttack wrote: Wed May 11, 2022 1:10 am
international001 wrote: Tue May 10, 2022 8:03 pm Ally just updated to 0.60% its saving account
Just got the email announcement today. Hopefully rates will continue to keep moving up.
0.75% in a couple of days!
User avatar
ApeAttack
Posts: 915
Joined: Wed Dec 23, 2020 7:28 pm
Location: Gorillatown, USA

Re: Capital One is at it again

Post by ApeAttack »

international001 wrote: Thu May 26, 2022 4:46 pm
ApeAttack wrote: Wed May 11, 2022 1:10 am
international001 wrote: Tue May 10, 2022 8:03 pm Ally just updated to 0.60% its saving account
Just got the email announcement today. Hopefully rates will continue to keep moving up.
0.75% in a couple of days!
Just got the email too! Soon we'll be at 1%!
May all your index funds gain +0.5% today.
Gnirk
Posts: 1740
Joined: Sun Sep 09, 2012 3:11 am
Location: South Puget Sound

Re: Capital One is at it again

Post by Gnirk »

Live Oak Bank savings interest rate is .8 %; 6 mo CD is 1.25% APY; 1 year CD is 1.75% APY.
seattlite
Posts: 14
Joined: Mon Mar 11, 2013 5:36 pm

Re: Capital One is at it again

Post by seattlite »

Also check out treasury. 6 month is giving 1.45+.
retired@55
Posts: 13
Joined: Mon Dec 30, 2019 9:22 am

Re: Capital One is at it again

Post by retired@55 »

Capital One HYSA is now at 0.70%
User avatar
Chip Munk
Posts: 881
Joined: Fri Feb 22, 2019 3:01 pm

Re: Capital One is at it again

Post by Chip Munk »

The Capital One 360 Performance Savings is now at 0.80%.
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