Capital One's HMMA APY drops further!

[This post is written and copyrighted by FIRE Finance (]

Effective Jan 9, 2008, Capital One is going to offer a flat 4.00% APY* (down from 4.30%) for their High Yield Money Market Accounts. This is the second drop in their rates this year. Earlier on 3rd Jan, their HMMA APY dropped from 4.40 to 4.30%. That comprehensively brings us to an APY cut of 0.40% in about a week's time!

In case you need to move your monies, here is our most recent analysis of savings accounts offering APYs of 5.10% and more!

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