The Capital One 360 Performance Savings account, commonly called Capital One 360 Savings, is a high-yield savings account with no monthly fees and no minimum balance required. Capital One makes it easy to get started, allowing you to open a new account online in about five minutes. And with the well-reviewed Capital One mobile app, you can easily manage your account on the go.

In this post, we’ll cover the details of having a Capital One 360 Savings account, including the pros and cons — and how it compares to similar accounts. Plus, we’ll help you decide if this is the right account for you.

Capital One 360 Savings Account Fast Facts

• Annual fee: none
• Minimum balance: none
• Current APY: 1.50% (as of 30 April 2020)
• Pros
  • Comparatively high yields
  • No monthly fee
  • No minimums
  • Easy to get started
  • Mobile app access
• Cons
  • No ATM cards
  • Comparatively few local branches

Capital One Savings Account Benefits

There are lots of benefits to having a Capital One savings account. Here are some of the highlights:

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Another year, another search for the best savings account! That's right: It was almost exactly a year ago today that I was hunting for an online savings account so I polled you, the Get Rich Slowly readers.

Last year, Ally Bank was the clear winner. More GRS readers had their money there than anywhere else. But folks also liked Discover Bank, Synchrony Bank, and several others.

This year, it's my girlfriend who is trying to find a better bank. Kim is perfectly happy with Ally -- in fact, she's a vocal crusader for Ally, which I find amusing -- but at the same time, she's curious if she can find a better interest rate somewhere else.

Checking accounts are notorious for just sitting there and doing nothing for you except holding onto your cash until you need to pay a bill. But there are accounts out there that do pay interest - albeit minuscule - and offer other benefits and enticements! We've done the research for you.

Several things to look for in a checking account:

• No minimum to open
• No minimum to earn interest
• No ATM fees (plus a large network)
• No monthly maintenance fee
• Free checks
• Mobile check deposit and transferring

Here are the best checking accounts for 2018, find the latest rates in the table at the end of the article:

Most personal finance experts agree: The first thing you should do — after meeting basic needs — is to establish an emergency fund.

Life is full of unexpected surprises, many of which cost money — a thief smashes the windshield of your car, your son gets sick, your water heater overflows. When people live paycheck to paycheck without any savings, they’re at the mercy of these small crises. Sometimes a tiny problem becomes a huge one because the victim wasn't prepared for possible trouble.

Here's how to open a money market account, a type of savings account that offers the security of FDIC insurance, the higher interest rates of a savings account and the flexibility of access that comes with a checking account:

Where to open a money market account

Find a bank or credit union that's offering a competitive interest rate with the features you value the most -- don't just go for the bank down the street or where you have your checking account (unless, of course, they are offering a great deal for bundling multiple accounts). For many consumers, the highest possible interest rate will be the biggest factor, but you'll also want an interface that's easy to use and solid customer service. If you want the ability to write checks, be sure to ask. Some money market accounts allow limited check-writing privileges, others may not. It's also important to know how many transactions you'll get before triggering a fee.

Set your deposit amount

Once you've settled on a bank or credit union, it's time to figure out how much you want to put into your money market account. Money market accounts require higher minimum balances than savings accounts. A typical deposit could be as low as $500 but also could be as high as a $10,000 minimum deposit. At the same bank or credit union, the minimum deposit for a savings account might be $5.

Many people have heard of CDs or certificates of deposit. But not many will say the same for market-linked CDs, also known as equity CDs or market or indexed CDs.

Though they've been around since the 1980s, renewed interest in market-linked CDs is a product of our current interest rate environment.

Interest rates are low. Really low. So it's understandable that people are looking for some risk-free or lower-risk ways to earn the consumer price index (CPI) rate on their savings. They're not asking for double-digit yields, just a measly 1.5 to 2 percent.

Discover Bank, widely known for its popular credit cards, has taken an innovative approach to banking since the mid '80s, but lesser known are the range of banking services it offers.

The usual online accounts, only better

Discover Bank offers all the online financial products you'd expect from the big institutions: checking, savings, money markets, CDs, and IRAs. (And all accounts are FDIC-insured up to the maximum amount allowed by law.) In addition, other Discover products include credit cards and loans, specifically home, home equity, student, and personal.

Checking accounts

My brick-and-mortar bank does not offer cash back on my checking account AND I get charged if my balance falls under $500. Discover Bank wins on both counts.

Switching banks can be a giant pain, something to schedule in between taxes and a root canal. That's why some of us stick with a bank long after the relationship has stopped working in our favor. In an effort to help you explore and compare banking options, we'll be presenting unbiased reviews in this space as often as we can. You can be part of the conversation, too: Do you love your bank? Hate it? Which bank or credit union should we review next? Let us know in the comments or reach us directly at [email protected].

The name Goldman Sachs isn't usually associated with everyday banking for the 99%, but that may be changing. GE Capital is now Goldman Sachs Bank, also known as GS Bank or GSB. Here's what you need to know:

What is Goldman Sachs Bank?

It is a new consumer online banking initiative from the long-established investment banking behemoth Goldman Sachs & Co. Having acquired the online banking platform of GE Capital, along with that bank's $16 billion in deposits, GSB makes this offer to potential customers: Deposit your money in an FDIC-insured online savings account or certificate of deposit at GS Bank and appreciate the perks of no minimum deposit and no transaction fees.

By Jeffrey Steele

The name Goldman Sachs isn't usually associated with everyday banking for the 99%, but that may be changing. GE Capital is now Goldman Sachs Bank (GS Bank or GSB). Here's our unbiased review so you can choose banking partners wisely:

What is Goldman Sachs Bank? It is a new consumer online banking initiative from the long-established investment banking behemoth Goldman Sachs & Co. Having acquired the online banking platform of GE Capital, along with that bank's $16 billion in deposits, GSB makes this offer to potential customers: Deposit your money in an FDIC-insured online savings account or certificate of deposit at GS Bank and appreciate the perks of no minimum deposit and no transaction fees.