mike212 said:I registered via the CostCo link 9 months ago, but my membership lapsed for a while and I'm not sure if my interest rate is the highest now.

Under account information my rate shows 5.01%, but I'm not sure if that's an APY or just the nominal rate.

What rate does it show under account information for those that have this CostCo Capital One Account?

Thanks.
That is what mine shows. That gives you an APY of 5.14%

For now, CostCo MMA APY is now 0.314% higher than the HYMM account. Dont think that wide differential will last long.

Got an email today from Capital One telling about the new safety features and login procedure starting later this month. The email had a link to the online banking login page, but I am not "enrolled" in "online banking" but rather in "direct banking" because the Costco MMA is separate, etc. etc. So I still don't know if this new login applies to those of us with the Costco MMA. Anybody out there received clearer info?

This CostCo MMA allows checkwriting, so you can send a check to ING to link it up.

To answer an earlier question, the $20 fee on wire transfers is for outgiong wires only. Incoming wire transfers are free. (Note that a wire transfer is not the same thing as an ACH draft for those of you who are confused...)

scott1961 said:Beckles said: The biggest downside compared to many of the other internet savings accounts is that they have no facility for pushing in or out ACH transfers from what I've read.
You can transfer in and out as long as you initiate from another bank. I have had MMs and CDs with CapOne for about 10 years and did not know about the Costco account till I came to FW last year. Since I am a member I called and they changed my account. I have always found them to have excellent CSR's. Also like the fact I have checks. Can be nice for a large payment to get a high rate of interest till the last second.
I have a MM account with Capital One and just called to get the CostCo rate (I am a CostCo member).

I was told by the CS Rep that they cannot update my current account to the CostCo rate - instead I have to open a new Cap One CostCo Money Market account (with either a check or wire transfer), then transfer the funds from my existing CapOne MM account to the new CapOne CostCo MM account.

How did you get them to convert your account without doing as I was instructed?

BTW - I was told that with the new Web Interface the CostCo MM account can now link to external accounts for ACH transfers.

edit - Beckles posted the same info about linking external accounts as I was posting.

I was told by the CSR that there is no credit check when openning the account.

pho008 said:Has anyone noticed Capital One having done a credit check when this type of account was opened? If so, what kind of credit check was it?

Noted on WIKI that I was allowed to ACH funds from my other MMChecking to open/fund this account.

They are making two small deposits into my other MMChecking, and when I see them in the register, I'm to go to CapOne On-Line Banking and notify them, at which time they will make the request for funds that I authorized.

WIKI said only check or wire transfer allowed. I think what I did was an ACH, but someone can correct me if I'm wrong.

Yesterday I started the process to link and today the trial deposits showed up, Made $1.10 in free money. I can transfer from the linked account to my Capitol One but says it can take up to 5 days before I can transfer out of Capitol One. As soon as I can I plan on trying to see if they will be like Emigrant with 1 day or HSBC 3 days

Beckles said:scott1961 said:Yesterday I started the process to link and today the trial deposits showed up, Made $1.10 in free money. I got $1.40 out of them myself.
I feel cheated, when I set up my link they deposited 1.54 and took it back out the same day.