Costco/Capital One Savings account

[clifp]

I have been seeing ads for the Capital One Interestplus saving account in various Costco publication for many months.

I have more cash than normal. (Since one of muni bonds was called years early grumble.)

The ads claim it pays 1.40% plus 10% bonus interest if you keep 15K in the account for a quarter, and $60 bonus for Costco.

It is more than a little depressing to get excited about 1.5+% interest but has anyone taken advantage of this offer? Any catches?

 

[calmloki]

We've had Costco CapOne Money Market and Savings accounts since 3/31/2005. Went with them for the solid ratings and high interest. The gal has had the Costco Interest Plus account since 1/2010, got the $60 and is getting the 10% bonus - it's paid quarterly. She's going with paperless statements and earning some tiny extra amount - not worth it to me because i like the continuity of paper that all matches (all accounts the same size and color and logo).

 

[kaneohe]

Depending on your future intent, you may want to consider Alliant Credit
Union. 1.50% savings (sl. less than Costco w/ 10% extra), no signup bonus,
you might have to join a local PTA to be eligible ($5-15 or so). Main advantage is you don't have that 15K min barrier......there may be some minimum but if there is, it wouldn't be > $100 and there might not be one at all.

 

[Gone4Good]

I have a capital one savings account and haven't run into any catches.