Capital One Interest Online Checking
Posted on August 26th, 2010
Capital One Bank is now offering a new checking account product called Interest Online Checking. The current rate is 1.10%. And this is not a tiered rate, meaning you will earn 1.10% on your balance regardless of what it is.
Some features of the online account are:
- No fees or minimum balance requirements
- First order of paper checks is free
- Free Online bill pay and online banking
- Free MasterCard Debit Card to access your funds
- Your ATM Fees will be reimbursed up to $10 each month
- ACH Transfer between you Capital One Checking and your existing bank
It appears that this account is available in areas that do not have physical branches. Their branches are mainly located in New York and Texas, so it is safe to assume that it should be available in most areas. It asks you for a zip code prior to allowing you to open the account, so you will know for sure right away.
Once you add in the $10 ATM reimbursement and a non-tiered interest rate, this account seems pretty competitive with the likes of Ally Bank and ING Direct’s checking account products. It also is nice that they offer paper checks. ING Direct’s electric orange checking does not allow for paper checks, so if actually having a checkbook is important to you, then you may consider opening an account here.
There is no capital one promo code for this account, but with all the features and it being a completely free account that earns interest, I think the account pretty much speaks for itself.
Checkout Capital One’s Interest Online Checking page for more details and to appy.
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Tags: Checking, Interest Online, Interest Online Checking, Online Checking
Filed under Bank Rates |