Prime Rate Credit

I recently got a solicitation from the huge credit card lender Capital One, known for their infamous “pillaging” commercials where customers are being exploited for high APR’s on their credit cards, but not for a credit card solicitation, rather a new money market account they are offering.

What is a money market? It’s basically just like a savings account, with the money equally as liquid and easy to access, only it returns a higher interest yield than the average savings account.

If the ads are true, then this Capital One money market account offers one of the highest yields I’ve ever seen on a money market - 4.75%! The national average for money markets now is 1.41%, with many accounts yielding lower interest than that.

So, if you have some money you were considering throwing in your savings account, you may want to look at this option. It’ll make your money work harder for you - instead of you working harder for your money. Such a cliche, but I love it!