manuel said:Been using it for about a year. Is a kludgy interface but I find their in and out transfer times faster than ING. Speed seems more important.

My transfer from yesterday is posted but pending. It seems about the same speed as ING if you request the transfer before ING's daily cutoff. But to your point, ACH transfer speed is not the most important factor unless you are moving money in and out all the time, which for a savings account is limited by federal law.

If Capital One doesn't even bother to spend a few dollars to make their online bank look better than a high school html project, then I question how much the put into keeping the accounts correct, and their commitment to keeping this HYS product around. This is a $20 billion dollar company guys. Skimp on the executive bathroom toys and build a real online bank!

surprised no one has mentioned that rate went up to 2.35% at the beginning fo the year Text. And just in case there was any remaining doubt, it is now pretty clear that you don't have to be invited to get this anymore.

Regarding the "quality" of the interface, not sure what to say. I guess I am a Linux user, so I emphasize features/reliability/power over prettiness. With the recent upgrades to allow unlimited external accounts to be linekd (I think I have aobut 7 now), I have few complaints in that department, the biggest being, 1) why the heck don't they default the transfer date to be the earliest possible date (ie tomorrow), and 2) the new interface requiring new passwords every 60 or 90 days -- AND keeping track of all old passwords so you can't reuse them -- is getting really annoying. Between my job & personal life I have well over 100 passwords to keep track of, I can't afford to have too many unique ones or change too often before I totally lose it.

update: the more and more i work with this interface, and also Presidential, the more I prefer Presidential. I f I were looking at choosing between the two, I would choose Presidential & not bother with CapOne.

Anybody know the ABA routing number for capital one savings account?
I can't find this info on their website.
Thanks.

CapOne HYS raised to 2.60% APY showing they are serious about keeping deposits as stable source of funding for their credit card operations. Next stop could be buying a bank.


Quote from Peter Eavis article on RealMoney.com

The regulatory angle could also hamper another reputed part of Capital One's strategy, which is to buy a bank. The company wants to do this to diversify and gain cheaper and more stable funding, but if it did so, it might come under strong pressure from the OCC and the Fed if substantial amounts of its loans are experiencing negative amortization.

hiddendragon999 said:CapOne HYS raised to 2.60% APY
I'm a little confused by your comment. Is the rate rising to 2.60% APY? If so, it has not yet updated on my account from 2.45%.
Edit: now it's updated for me. thanks for pointing that out.

CapOne HYS raised another 5 bips to 2.65% APY. They are now within 35 bips of Emigrant's widely advertised 3.00% APY rates. The market continues to expect Fed rate hikes on March 22 and May 3 which should take the deposit rates above 3% in two months.

hey guys

how hard is it to open a cap1 savings account?

do they do that crap where they snail-mail you your account info, like emigrant direct?
or is it like ING... 100% online, up and running in 3 days?

mbaker4096 said:I also think it's annoying that the transition between the account details and the transfers section still isn't seamless, i.e. you have to select a source or destination (invalid ones) and then it'll load / populate the pop-up menu with your list of linked accounts. Ugh.

I was afraid that I was the only one running into this stumbling block, as there were some problems with the initial setup of my CapitalOne account at the level of my external links. For all the bashing that EmigrantDirect is taking for its primitive interface, at least you can set up an ACH transfer in one step after opening the external transfers menu on the left nav bar. For CapitalOne, it takes at least the one extra step mentioned by mbaker4096, and sometimes more, depending on where you are in the site. Strange, as the basic software used by both EmigrantDirect and CapitalOne is clearly the same.

I funded my account with $1 from my checking account, but now I'm waiting for snail mail with my "new" account info. My initial login/password was just to set up the initial funding. I had to call and ask why my login wasn't working. So I'm still waiting after a couple weeks before I can use my account.

I was going to just give up and leave my money in ING since they raised to 2.6% vs CapOne HYS 2.65%, but now at 2.75% I guess I'll go ahead and transfer.

It happened: Cap One buys Hibernia bank for $5.35b, "in a move designed to help it expand from direct mail marketing to branch banking outlets, a Capital One spokesman said Sunday."