Online savings account is getting more popular these days as people get to realize its high earning potential compared to regular savings account.

Capital One, for example, is offering a 2.01%APY for online savings account holders. If you are interested with the offer it’s not yet too late. The bank’s online high yield savings account promotion is still ongoing. You can open your Capital One savings account online  in minutes coupled with  ease in money transfers. Plus a $50 bonus. All you need to do is enter code OFFER50.

There are no fees and minimum balance required however, in order for you to qualify for the 2.01%APY you must maintain a balance of over $10,000. Capital one is a member of FDIC so money should be safe and continue to earn interest as long as you maintain the required balance.

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