Are you a Costco member? If you are not and you're looking for a good savings account rate to build your wealth you may want to open a Costco account now, because currently Capital One is offering their InterestPlus Online Savings to all Costco members. The InterestPlus Online Savings offers a 1.85% APY savings rate for balances with more than $5,000 , in addition to the 1.85% APY, if you hold a balance over $15,000 you would also qualify for an additional 10% quarterly bonus on interest earned. So if you have the money to put into this account - this is a great opportunity to build your wealth, however, only if you have over $5,000 because any amount below that does not earn any interest.
As it stands, Capital One is the only bank offering this extra bonus. If the rate 1.85% APY does not go away (being that it is a variable rate and can change at any time) - combining the 10% APYquarterly bonus will technically be equivalent to earning about 2.04% APY.
Other details on this account are as follows:
- Withdrawals are limited to 6 online transfers per month only
- This account only allows eStatements
For more Savings Account Rates offers don't forget to browse Go Banking Rates.