Capital One 360 Performance Savings

[disneysteve]

I’ve never done it but I think you can do it an an ATM if you’ve set a PIN on your card. If not you can probably go into a bank and do it. I’m honestly not sure myself.

[Jluke]

CapOne as of 1/20/2020

Savings: 0.6%
Money Market: 1.5%
Performance Savings: 1.7%

December 2020

Savings: 0.3%
Money Market: 0.3%
Performance Savings: 0.4%

[Jluke]

December 2020

Savings: 0.3%
Money Market: 0.3%
Performance Savings: 0.4%

October 30, 2022
Savings: 0.3%
Money Market: 0.8%
Performance Savings: 3.00%

glad I opened the performance account. Coming close to my 3.125% mortgage rate (20-year refi in summer 2020)

[Drake3287]

October 30, 2022
Savings: 0.3%
Money Market: 0.8%
Performance Savings: 3.00%

glad I opened the performance account. Coming close to my 3.125% mortgage rate (20-year refi in summer 2020)

Yes, that 3.00% savings rate is pretty darn good for a savings account. Not that far off from current CD's.

[amarowsky]

I think I'm gonna scoot some money over to there as well. Currently about 109k of my debt is on a variable heloc, currently around 5.5%, and a 30k car loan at 5.25%.

I've got enough in taxable & cash to pay it all off. But wife and I are planning on buying another home in the next year or so. So kinda thinking of stacking cash in an account w/ higher interest rate , to help off-set the creeping up rates on my variable HELOC , while still having the flexibility/liquidity of Cash

EDIT: *worth noting. Kinda hoping in the next 2 years or less, interest rates will come down a bit, ideally lowering the prime rate as well. Hopefully that I'll just have the more "elevated" interest charges temporarily for the next 2 years. (could be a gamble if rates stay high longer, or worse even go up more)...... I should probably set a rule where once the rates get "x" high, I just pivot, and start aggressively paying them off.

[terri77]

Thanks for posting. These rates look better than my credit union’s high yield savings account.

[Jluke]

October 30, 2022
Savings: 0.3%
Money Market: 0.8%
Performance Savings: 3.00%

glad I opened the performance account. Coming close to my 3.125% mortgage rate (20-year refi in summer 2020)

Performance Savings: 3.3%

[disneysteve]

Performance Savings: 3.3%

Ally just went up to 3.3% also.

[Jluke]

Performance Savings: 3.3%

Performance Savings: 3.4%

savings: 0.3%

finally moving my kid’s money out of CapOne since the youth account is stuck at 0.3% and credit union is paying over 2%

I can also consider CDs at the credit union. Wasn’t able at CapOne but could be user error/inexperience

[Jluke]

Performance Savings: 3.4%

savings: 0.3%

Performance savings was at 3.75% for a few months and now,

as of 26-May: 3.90%

im sure some people are getting more with ibonds, treasuries, CDs or vanguard money market.

[disneysteve]

im sure some people are getting more with ibonds, treasuries, CDs or vanguard money market.

My daughter bought a 9-mo CD today for 5.2%. I’m not sure what the current yield is on the Vanguard money market. I think it’s right around 5%.

[Jluke]

Performance Savings creeping up.

4% the last two weeks or so
4.1% as of today

[Jluke]

Performance Savings creeping up.

4% the last two weeks or so
4.1% as of today

Peaked (?) at 4.35% for several months

14-Apr: 4.25%

[Jluke]

Peaked (?) at 4.35% for several months

14-Apr: 4.25%

28-Sep: 4.10%

been waiting to see when it would move down

[Jluke]

28-Sep: 4.10%

been waiting to see when it would move down

25-Oct: 4%