Capital One's Rewards Money Market
October 18, 2007
Capital One Bank allows investors to earn rewards for savings not spending. Capital One will award 2,500 bonus miles with a $500 opening deposit into their Rewards Money Market Account. The minimum deposit is only $1, but to earn the bonus miles a customer needs to make that $500 deposit within 30 days of the account opening. The Rewards Money Market awards 1 mile for every $20 average balance for the month. The redemption of miles can be used directly for airline tickets or other rewards including cash, travel, and merchandise.
The Rewards Money Market account is currently paying a 4.66% APY on all balances a yield placing in the top 50 yields in the country and well above the national average. Deposits are FDIC-insured up to $100,000. Apply online directly at Capitalonecash.com.
