I love being to grow my savings on a regular basis, my nerdy self enjoys watching those numbers climb. Our old savings account at our regular old “physical” bank was never helpful on this front. For one thing, their interest rate is so low it is to the point of being almost nonexistent. (as of now it is a maximum of .15 % – yes, that is “point one five percent”) I also couldn’t earmark funds for certain projects or goals. It was everything in one account and all or nothing. I was earning a whole lot of that nothing. Enter online banking and Capital One 360 with the promise to grow your savings.
Online banking was pretty new to me and I was fairly skeptical. After doing a bunch of research and reading reviews, my doubts went away. I took the plunge and have a happy saver ever since. Capital One 360 offers several options to help you start to make money with your savings. Their interest rate as of right now is .75% – a whole .60% more than that other guy. I opened up a savings account with them and received a $25 bonus just because I did! They offer a checking account with the same bonus as well.
If you click through my affiliate link, you are eligible for the bonuses as well. You can earn up to $50 for simply changing to a no-fee, higher-interest bank. You can do it!!! (channeling Rob Schneider here)
I mentioned above not being able to tag your money with a goal in mind. Capital One 360 gives you that ability. My savings account is broke down into several sub-accounts with different names. This allows me to set a goal and track my progress towards it. It’s exciting to watch that little meter keep moving towards the target amounts I’ve set. It also works as a bit of a motivator for me as I want to reach that goal line as fast as possible.
There is a handy mobile app that allows you to do your banking on the go. Moving money around is easy and the app helps you track your daily progress.
Check it out now and don’t miss out. See how you can start to grow your savings for just about any goal you might have. Start saving with Capital One 360 today!