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Capital One Offering $50 to Open Online Savings Account, Money Market, or CD

Capital One Offering $50 to Open Online Savings Account, Money Market, or CD

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Author: Sol Nasisi on March 24, 2009 - modified on August 1, 2017

Capital One is offering $50 to open an online savings account, money market, or CD. The account currently pays 2.01% APY on balances above $10,000. That's somewhat competitive according to the BestCashCow rate tables.

Capital One is offering $50 to open an online savings account, money market account or certificate of deposit. The savings account currently pays 2.01% APY on balances above $10,000. That's a somewhat competitive online savings rate according to the BestCashCow rate tables. The Certificates of Deposit are not rate competitive on their own.

To get the money, you'll need to open one of the products before April, 15, 2009 and have at least $10,000 on deposit by 05/8/2009. Other important information includes:

This must be your first account with Capital One Direct Banking. They are only looking for new money.
Interest credits will be deposited into your account 4-6 weeks after 5/2/2009.
The minimum initial deposit amount is $1.

Sol Nasisi: Sol Nasisi is the co-founder and a past president of BestCashCow, an online resource for comprehensive bank rate information. In this capacity, he closely followed rate trends for all savings-related and loan products and the impact of rate fluctuations on the economy. He specifically focused on how rates impact consumers' ability to borrow and save. He also has authored a wee