Capital One Online Savings Account $25 Bonus

Capital One Direct is offering $25 bonus for its Online Savings Account and Money Market Account.

I opened a Capital One Savings Account last year when the rate was much higher and much attractive than the current rate of 1.60% APY. In this low rate environment, good rates for savings account are hard to find these days. Many banks are still lowering their rates (see Online Bank Interest Rate History for latest rates) while the benchmark rate has remained stable for a very long time. Among the bank listed above, one exception is Ally Bank, which recently raised its online savings account rate from 1.75% to 1.80% APY. This is the second rate increase for the bank in two months. Hope the move signals that savings account rates have already reached the bottom. We can all use a good rate for our money :)

Get the most of your money with these High-Yield Savings Accounts:

Anyway, for this Capital One offer, it is valid for first-time customers only. If you are an existing customer of Capital One Direct Banking or had an account with them before, then you are not eligible for the bonus offer. To get the $25 bonus, you must open an account with promotion code SAVER25DF before November 25, 2009 and make at least $10,000 deposit (Online Savings account requires a minimum deposit of $10,000 to earn the 1.60% APY; balance below the minimum will earn 0.60% APY instead).

Update: The promotion code has expired.

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One Response to “Capital One Online Savings Account $25 Bonus”

  1. Robert Chin |  Oct 19, 2009 at 2:32 am

    I don’t know if you had hard, but American Express has a personal savings (banking) division, and they are currently offering 1.85% APY. I haven’t heard anyone really talk about their personal savings accounts online, but I opened an account recently and it seems to work decently. I found out about them by looking at the NY Times’ list of well capitalized banks, under the assumption that well capitalized banks would be the only ones able to offer higher interest rates… according to the list, american express is quite well capitalized.