APY drop for Capital One's High Yield MMA!

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]

Due to recent rate decrease by the Federal Reserves Capital One Money Market will be lowering their APY. Capital One Direct Banking (COF) may not be the only ones to drop their current APY. Last week, the Feds lowered the rates by 25 basis points. It is expected that others will follow suit and lower their APYs too.

Here is a list of banks still offering APYs greater thank 5.05% for savings accounts. And while choosing a bank to park our money its good to be aware of the pros and cons of banks in a falling market. Good Luck!

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