I am always happy to be of service.
The off topic board is warming up. Lots of good topics there.
New Performance Savings Account from Capital One 360 (replaces both their Savings and Money Market Accounts)… Rate is 1.90% apy on all balances ($1 and up) on their previous Money Market, you had to have a minimum of $10,000 to get the 1.90% apy rate…
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Could you also not use rhetorical questions? Sometimes your posts sound like you are interviewing yourself. No wait, you were interviewing yourself. 
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So many wrong things in that picture, it’s hard to know where to start. I’m guessing it’s a typo too but it’s certainly a good laugh.
If it is not a typo, then the mention of high-yield savings, the bar graph showing weird math in which 0.00% > 0.09%, and the motto “save with confidence” are kind of major head-scratchers.
But yeah, let’s hope it is not a vision of where things will be in a year or so.
Good find. It looks like they don’t even list the original Savings accounts anymore under all the banking products, but they also haven’t converted existing Savings accounts to the new Performance Savings account. And they probably won’t, since it’s a much higher rate. I wonder if we have to open a new account or if they would convert existing accounts upon request.
Thanks! In my case, i opened the new Performance Savings online and then got on chat and had them close the Money Market…It may be possible to convert…i didn’t ask at the time…And yes, they did eliminate both the Savings and Money Market…this replaces both of them…I don’t think they will be automatically converting those who already have the other accounts…either you’d need to do what i did or see if it is possible to request a conversion…
I also have the 360 Checking and a Quicksilver Visa Signature card…the whole deal…LOL 
I still see the old money market account page:
You have to clear the cache in your web browser…and then re-launch…the money market and savings are gone…You are are looking at the old web page before the changes were made…
It appears that many of these rates have slipped down a notch in the past week.
Multiple choice question. What is the cause?
a) Fed doing $75 billion a day in the repo market overnight loan business
b) Fed rate change
c) Iran bombing Saudi’s oil
d) All of the above
(b), obviously.
IMO ( a ) which I don’t know anything about, might affect other rates (based purely on the description I’d guess that it might keep very short-term rates for some specific purposes low), and ( c ) would affect stocks and commodities.
Effective 10/22/19, All America Bank rate will be reduced to 2.20% APY
Just my customary reminder to everyone:
Be aware that at 8:30 am ET tomorrow (Friday) the September employment report will be released. This report will surely influence the FOMC, regarding interest rates, when they meet at month’s end. Let’s hope for a good report.
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Right now it doesn’t look good. The chance for another quarter point cut from the 10/30/19 meeting is 90%.
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With the ISM report this week, it’s clear the economy is cooling down. Sadly, that adds pressure for another rate cut. I’m guessing a 1/4 point.
Liar - it’s 2.25% 
Seriously, their $50k cap sucks, but I’ve been pretty happy with All America/Redneck bank. At a time when some banks are trying to retroactively change CD terms, giving over 2 weeks advance notice of a rate change is nearly unheard of.
Addt note: Their 3% rewards checking accounts are also dropping to 2.75% on the 22nd.
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“Credit Karma’s new savings option, which will not charge any fees and does not require a minimum deposit to open, is set to offer a savings rate of 2.03% APY. Consumers can start signing up for the new savings feature on Oct. 28, 2019”.
Also, “Online bank Vio has a high-yield savings account that pays 2.42% on all balances, with a minimum of $100 required to open.”
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Email from Alliant, “Blah blah blah… 1.8% blah blah blah… But we’re still waaaay higher than the national average.”
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Ally Online Savings will be reduced to 1.80% APY effective 10/10/19
With all the banks lowering rates with Fed rate cuts, I was surprised to get an email from Simple bank saying they were increasing their interest rates from 2.02% APY to 2.15% APY for deposits above $10k.
Since I have 3 of those $10k+ savings accounts for a very lucrative promo ending at the end of the month, I was thinking of just pulling the money out once I got the sign-up bonus but as things are going, I may not find much better rate elsewhere come November. In the meantime, I don’t mind the higher yield.
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For anyone looking for a rate guarantee, Ken posted about Element Credit Union and their Helium Savings account guaranteed at 2.1% promo rate for 1 year from account opening. See his full post here:
https://www.depositaccounts.com/banks/elements-financial/offers/
Direct link to Elements page for this account:
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