Capital One is one of the leading banks that offer a high interest savings account today. This is slightly different from the regular high yield savings options available with some other banks. Capital One offers free checks and debit card for savings account holders. Also, there is no minimum balance required and no fees is associated with these accounts.

These accounts are very easy to open and they can be done online without any hassle. This also makes it very convenient and comfortable for users. The money transfer for this account can be done by linking any external checking account or through checks. One good feature is that it allows unlimited account linking and this gives a lot of flexibility. They also have the option to transfer money to the savings account through a phone.
The current Capital One savings account rates are 1.19% for any amount, starting from $1 to $100,000 and more. The Annual Percentage Yield (APY) of CapitalOne savings account rates comes to about 1.20%. This is much more than the rates offered by other banks. Interest on this account will be compounded on a daily basis and this can have a profound impact on the overall interest earned during a given period of time.

In short, capital one savings rates are one of the best in the industry because of their higher rates of return. This is probably why their deposits amount to about $100 billion. Another good aspect is that these accounts are FDIC insured and they are backed by the trust and reliability of Capital One.