Originally Posted by
Yankeeflyer
Thanks for the tip, looking for another one of these. I use Sallie Mae currently. (1.1% to 1.15% APY). BTW, at a quick glance I don't think the bonus regime at Capital One gets you to an effective yield of 1.2%, but it's all a rounding error anyway!
The rate is 1.09%, makes the APY 1.1%.
There is a 10% bonus on the previous Quarter's interests if your account balance is above certain level (forgot the details).
So this is 1.1% x 1.1 = 1.21% APY effectively.