Someone, anyone...

I'm torn between this and the E-LOAN account. Any thoughts? The advantage here is that it appears you have more flexibility moving your money around. E-LOAN offers a higher rate and (reportedly) fast transfers between accounts.

The disadvantage to E-LOAN is the one linked account restriction.

What are people's experiences with the Capital One account? Fast, slow transfers? Decent service? What? I'm at HSBC now and miserable because of the slow transfers and because EVERYTHING is so difficult.

Any thoughts are appreciated.

ltcm said:What have your experiences been moving money in and out of this account? Is it quick to transfer it back to checking (thinking of AOR money going into this account).I just pushed $ from GMAC to Costco/CapOne (why do I always do this before rate change?) on 4/17. Money left GMAC 4/17 and arrived at Costco/CapOne 4/19. I've only withdrawn by check so can't speak to ACH withdrawal speed. Anyone?

scott1961 said:Just noticed they dropped regular account to 4.76% and costco to 5%. Good thing account has check writing, $100k more going into my BoA NEA account tomorrow. Still have another 30 days of bonus rate. Just got statement online and got 6.44%

That's a bummer - just after I finally got the account setup and sent 5K to them. 5% is still good, but not great.

VTECxtc said:once my account has been credited, can i take my money out without penalty?

There is usually a couple of days hold depending upon how you sent the money in. Check to be sure - call and ask when will the money be available for withdrawal.

You will earn interest from the date the funds are collected. The 9 - 11 business day hold is normal for new accounts (blame it on the Patriot Act).

I don't know about the bonus, but check to see if there is a penalty for closing the account before 6 months.

ltcm said:

Secondly, I opened the account to get the $50 Exec. Member bonus through Costco. Does any one have any experience with how quickly this bonus gets funded? I'd like to take the $$$ out ASAP and put it in my new FNBO account since CapOne dropped the rate to a full 1% below FNBO. Can I just withdraw my $5K as soon as it's available and still qualify for the bonus?

Thanks everyone.

As far as the bonus goes, wife & I opened accts on 4/10, and bonus was credited 5/4.

ltcm said:I'm a little bummed at CapOne. I had already done my initial deposit of $5K before being told that the funds wouldn't be available for 11 business days. Will I earn interest on them during this time or am I just screwed w/ respect to interest?

Secondly, I opened the account to get the $50 Exec. Member bonus through Costco. Does any one have any experience with how quickly this bonus gets funded? I'd like to take the $$$ out ASAP and put it in my new FNBO account since CapOne dropped the rate to a full 1% below FNBO. Can I just withdraw my $5K as soon as it's available and still qualify for the bonus?

Thanks everyone.

why asap?
how much money do you think your $5,000 will get you in your whopping 6% apy fnbo account?
hmm, maybe a $25 difference in half a year? vs the capitalone account at 5%.

you should try doing the math sometime. if you don't have that much money, the difference is minimal between different apy's.

and regarding your deposit not being available-and somebody else saying it's cause the patriot act-if you would have wired it in, it would have been available immediately (wire using wamu-it's free)

edit: it was $25, not $2.50. still, negligible imo

how much money do you think your $5,000 will get you in your whopping 6% apy fnbo account?
hmm, maybe a $2.50 difference in half a year? vs the capitalone account at 5%.

you should try doing the math sometime.

Maybe you should do the math sometime as well.

.01*5000/2=$25

Where did you get $2.50 from?

I am in houston. I sent a 10k check to capital on which is in houston.
I sent it 6 days ago. it is still not on my account.
I dislike their service.
I will pull my money out if it is ready.

Capital One must be getting desperate, I just got a call from them telling me that the Costco account just went back to 5.20%. Did not have the heart to tell them that it's still to low.