If you are just looking for the highest interest rate savings account, the Capital One online savings account interest rate may not excite you. If you have less than $10,000 to deposit into a savings account, the Capital One account only pays an interest rate of 2.47% with and APY of 2.50%. This 2.50% APY is much lower than the WaMu high interest savings account which is currently offering an APY of 3.75%.

However, Capital One is still a major player in the online banking scene. I am sure that everyone has seen the Capital One credit card commercials. So if you already do your online banking with Capital One, you might want to look into opening a Capital One high interest savings account.

We hope that you found this Capital One online savings account review informative. If you are currently a Capital One customer, please share your thoughts about the Capital One savings account, the Capital One customer service or anything else you would like to tell us about your experience.