Question : Capital One High Yield Money Market Account?
I’m thinking about signing up for one. Currently at 4.68%. There are no fees, no minimums or anything else. So what is the down side? Seems too good to be true. Only downside I can see is the interest rates going very low later on, or the amount of time it takes to withdraw money. Opinions?
high yield money market accounts

Best answer:

Answer by Phoenix (:=E)’, LOLrusHugger
I’ve had one for a couple years now and I’ve seen nothing wrong with it. I don’t access it much – it’s just a cache to squirrel away money. They can afford to pay the interest rate because they don’t pay bank personnel – it’s all done online.

I’ve had no problems, except, as you mention, it does take a day to get your money.