I switched to high-yield savings at Capital One and I'm glad I did - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 90 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

'I don't have a great reason for putting off the decision to transfer my savings out of an account that was providing a 0.01% APY'

I don't have a great reason for putting off the decision to transfer my savings out of an account that was providing a 0.01% APY. Luckily, I know that I made a mistake and decided to make a change.

I finally took the time to transfer my savings into a high yield savings account. It took all of 10 minutes to make the switch, but I am so happy that I did. After taking a closer look at my options, I decided to open an account with Capital One. TheOne of the biggest factors in making my decision was choosing an account with a competitive interest rate. When I opened the account, the APY offered was 1.50% . That is 150 times more than I was earning in my traditional savings account.

I wanted the account to help my savings grow without any additional contributions from me. Although I have other savings earmarked for other purposes like buying a home and retirement, I am not planning on adding to this account anytime soon. Instead, I will allow it to grow on its own.Beyond the interest rate, I wanted a reward for choosing to stash my savings at a particular institution. After all, these savings took a lot of work to build, so a little reward would be nice.

When I was hunting for my perfect high yield saving account, Capital One happened to be offering an attractive welcome bonus. The bonus rewarded different amounts of deposits with different levels of rewards. Since I was opening my account with $35,000, I was able to score a hefty bonus of $300. Although the welcome funds will not hit my account until October, it will provide a nice boost to my savings without any effort on my part.

If you choose to open a high yield savings account, it is important to do your research. Where you store your money is a very personal decision. Since you have different goals for your money and different preferences for your bank account's features, take the time to find the right high yield savings account that can help you reach your goals.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

30 quotes that take you inside Albert Einstein's brilliant mind - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Einstein had a brilliant mind but also had a set of brilliant Maths Proffs on his team, Einstein had a vision and an idea and would get the maths worked out with his team of Maths Proffessors.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Omnicom Group-owned GMMB names first Black partner after criticism - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. A step on the long journey to justice and equity.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Poland's autocratic leader Trump's first foreign visitor since COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. And look at the unrest Poland has had...America could take note. business insider doing the old ‘if ur not openly pro then u must be anti’ This is American politics as practiced by morons. 'Let's invite the Polish leader to the White House so all those Polish people in OH and MI and WI will vote for us.' Sheesh.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »