July 21st, 2009

Capital One Launches, InterestPlus Online Savings For Costco Members

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Capital One has a new offer for their Costco members. Starting last week, Capital One has introduced a new account called InterestPlus Online Savings. The main advantage of this account is the quarterly bonus of 10% on interest earned.

You can receive the 1.85% APY with a minimum balance of $5,000, but to earn the bonus you will need to consistently have $15,000 in your back account and a Costco membership to qualify. If you are able to keep the minimum, the effective APY will equal to 2.04% by the end of the year.

More about this bank deal click here.

About the banks

Capital One

Headquartered in McLean, Virginia, Capital One® offers a broad array of financial products and services to consumers, small businesses and commercial clients in the U.S., Canada and the UK.