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I have always banked with Chase, but despite my large deposit, they have provided nothing but a smile. I am tired of earning their glorious 0.01% interest.
I am considering to move my money to Capital One, but I have never dealt with this bank. Since it's almost an entire online bank, funds aren't available immediately. I also read some users had their accounts closed "without reason".
Does anybody have any experience with Capital One?
They aren't an online bank only, where I live every other bank seems to be a brick and mortar Capitol One. Just letting you know because you may want to look into it. Good luck with the new bank accounts.
I have always banked with Chase, but despite my large deposit, they have provided nothing but a smile. I am tired of earning their glorious 0.01% interest.
I am considering to move my money to Capital One, but I have never dealt with this bank. Since it's almost an entire online bank, funds aren't available immediately. I also read some users had their accounts closed "without reason".
Does anybody have any experience with Capital One?
The online product is Capital One 360. It used to be ING Direct, before ING decided to get out of that business.
They have interest checking, savings, IRAs and a link to Capital One Investing, which used to be Sharebuilder.
I find the site easy to use. Getting cash is easy as you can get fee-free withdrawals at any Allpoint ATM. Here, that means Safeway, Costco, 7-11 and other places.
The online product is Capital One 360. It used to be ING Direct, before ING decided to get out of that business.
They have interest checking, savings, IRAs and a link to Capital One Investing, which used to be Sharebuilder.
I find the site easy to use. Getting cash is easy as you can get fee-free withdrawals at any Allpoint ATM. Here, that means Safeway, Costco, 7-11 and other places.
The current APY on interest checking is .90%.
Thank you for your response. If you don't mind, may I ask how long have you been with them?
Last edited by lifeexplorer; 04-27-2017 at 03:20 PM..
Ally Bank (GMAC Bank before GM was bailed out 8 years ago) just raised their interest rate on their online savings account to a mighty 1.05%. They also now have next day bank transfers so you can push that savings earning that wimpy 1.05% to your brick and mortar checking account and the money will be there the next day. Other than chasing introductory rates, that's about as good as you're going to do on an internet bank.
The online product is Capital One 360. It used to be ING Direct, before ING decided to get out of that business.
They have interest checking, savings, IRAs and a link to Capital One Investing, which used to be Sharebuilder.
I find the site easy to use. Getting cash is easy as you can get fee-free withdrawals at any Allpoint ATM. Here, that means Safeway, Costco, 7-11 and other places.
The current APY on interest checking is .90%.
I LOVED ING Direct. I don't remember what changes, if any, there were after Capital One bought it. At that time, ING Direct was offering the highest rate and everything was very user-friendly, even w/o branches. It was linked to my regular checking and savings, but the point was to keep it out of sight and mind to sit and grow.
I'd piddle with it getting CDs and such and the link to my account was for depositing into, but I could aslo get to it if I needed to.
I also started with ING when they had really good interest rates. Then yeah.... what happened? I lost my account and could not retrieve it online. Good that I took almost all my money out the account, before that change.
Now rates just suck...
I really like them. I have the 360 checking, two savings accounts, their investment account, an IRA, and their credit card. The credit card auto-pays from the checking. I get direct deposites to the checking, all accounts are linked and I can transfer to and from with ease, either on demand or recurring.
Deposites of paper checks I do by simply taking a picture of the check and their software takes care of the rest. I also have had no issues linking to and transferring to or from external accounts from another bank I have. I can get cash fee free from a few machines in town, or just hit up my other brick and mortar bank, then transfer the amount later (or prior to).
Here is what I really like...
I can log on and see all of these accounts and their balances on a single page. I can instantly look at the balance in my checking account as well as my credit card balance and see how my stocks and IRA are doing, as well as how much is in my savings accounts in a single glance. They also have an app and I can see all of these accounts wherever I am at by simply scanning my fingerprint across my iPhone. I also set up alerts and get a message on my phone as well as an email whenever a purchase is made with the credit card. Other alerts are an option such as when the credit card auto pay is about to go through etc.
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