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That's, wow.. a really good rate! Didn't expect that.

I might move my capital one 360 hya savings into this.
 
Not seeing the “setup savings” yet in my Daily Cash menu 🤔
Me, either, but this rate seems to make it a little bit easier to decide to move some money over to save up for small purchases and projects, like that M-series MacBook Air we keep hearing about.
 
I got rid of my account. Tying a savings card to a credit card is counter-intuitive and using a credit card is folly, I started to fall for it and realized the error of my ways. I don't fool with debt. Pay off your cards and cancel account, it is freeing!!!

Update: I LOVE THE DISLIKES!!!! It means I'm doing things CORRECTLY as they are probably coming from people who make payments on stupid things like phones and computers and cars. Thanks for the encouragement!
 
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I got rid of my account. Tying a savings card to a credit card is counter-intuitive and using a credit card is folly, I started to fall for it and realized the error of my ways. I don't fool with debt. Pay off your cards and cancel account, it is freeing!!!

I currently have four credit cards and haven't paid a dime in interest in over a decade, but I get all the rewards. I pay them off twice per month.

Treat them exactly like a debit card and you wont have an issue.
 
I don't get it. Wouldn't you still pay with charge/credit cards and pay them off at a later date, while keeping the money in this account?
There's better consumer protections with a credit card versus cash, check, or debit. It's also easier to shut down a credit card if there's fraud, versus shutting down a checking account. As long as you pay on time, you can get interest in your money in savings, and not pay any fees or interest in your credit account.
 
There's better consumer protections with a credit card versus cash, check, or debit. It's also easier to shut down a credit card if there's fraud, versus shutting down a checking account. As long as you pay on time, you can get interest in your money in savings, and not pay any fees or interest in your credit account.
that's what i meant...
 
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Wow! That's a helluva rate compared to what they are offering now in Europe for saving accounts! If this was available in my country, I'd be opening an account in the blink of an eye. I recently saw a tv item about traditional banks sh*****g their pants about tech companies getting into the finance business, and this is just another good example why.
 
Spoiler alert: it's going to fluctuate.

Savings accounts are never fixed. Chances are, in the short-term (next year or so) is that the rate will rise, if they are tracking the prime rate.

My current savings account is 3.5%, so this is pretty good even if only lasted a few months. You don't lose principal and past accumlated interest when the rate drops.
 
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