Costco Membership + CapitalOne = 5.14%

It's been a long while since I've posted, but I had to break radio silence to share some good news. Costco members can take advantage of a great money market rate at CaptialOne. Currently the rate is 5.14% which is about the best I've found anywhere.

The other plus is they have a great web interface for accessing your account. The only negative I've seen is that it requires a minimum initial deposit of $5,000.

My initial deposit hasn't hit the account yet, but so far everything looks great. If all continues to go well, I plan on moving all of my security basket over to this account and then I'll set up an automatic savings plan to meet my security basket goals.

I also want to try setting up additional accounts like I've done at ING. I'm hoping that is just as easy. Time will tell...