![]() How to Convert Your Account from 360 Savings to Performance Savings It’s no surprise that Capital One did away with it. Nowadays, with online banking and credit cards, there really isn’t a useful place for your traditional money market account. In the past, they were useful because you could earn a higher interest rate and still have more than six transactions/transfers per month. Money market accounts have been falling out of favor in the last decade or so. If you’re an existing Capital One 360 Savings customer, it’s pretty much the same as before except you get a higher interest rate with the new account type. When Capital One started offering this “new” type of account, they took away their 360 Savings Accounts and 360 Money Market Accounts. It’s a pretty run of the mill online savings account. Your funds are FDIC insured up to $250,000, there’s a mobile app, and you can open it online in just a few minutes. You get an interest rate of 3.00% APY with no minimums. It’s Capital One’s new name for their high-yield, no-fee online savings account. What is Capital One 360 Performance Savings? CapitalOne 360 Performance Savings - up to.How to Convert Your Account from 360 Savings to Performance Savings.What is Capital One 360 Performance Savings?.You are earning a lower interest rate until you change accounts – but before you just go and open a new 360 Performance Savings, be sure to take advantage of the bonus. *) Above calculation example is a simulation example and not the real one.If you have an existing Capital One 360 Savings account, they did not automatically move you over to the new account. Interest payment date is every 10 in each month. The procedure of complains referring to the offering letter that has been presented to the Customer before the Letter of Credit is signed.Ĭhecking Account Credit interest calculation *)Ĭhecking Account Credit Limit IDR 1.000 booked, interest on 14% p.a. For information/complain about Periodic Credit Bank Danamon, the Customer may visit the nearest branch or call Hello Danamon at 1-500-090.If the due date of interest and/or the due date of the promissory note and/or the due date facility falls on Saturday/Sunday/Holiday, then the interest and/or basic fund payment will be debited on the last working day.Interest payment will be on every 10 each month.The Checking Account Credit for SGD or USD are using withdrawal slip medium.Withdrawal procedures for Rupiah Checking Account Credit will use cheque book and BG as the medium.Requirements will be presented on the Credit Application Form. If the credit facility is due dated and the Customer fails to pay the basic fund and the interest, then it will affect the Customer’s credit quality recorded in Bank Indonesia and the loss of higher interest payment above the normal interest, calculated by all the debt trays.If the interest payment is late, then it will affect the Customer’s credit quality recorded in Bank Indonesia and there will be fine.If the facility usage is over limited, then there will be a higher interest of the excessing.If the fund is not available when the withdrawal of clearing scrap (chequebook/BG), then there will be a clearing rejection and may affect the Customer’s track record on the blacklist of Bank Indonesia.The Customer may apply extension facility request if necessary.Interest can be paid according to the tray debt used the basic fund is paid off on the due date of credit.Loan facility withdrawal can be more flexible according to the Customer cash flow needs.Withdrawal mechanism is in the form of SGD and USD is using withdrawal slip. The Facility is only available for the selected debtor that is having revenue in SGD and USD. This product is also available in USD and SGD currencies. This product provides flexibility where the withdrawal may be performed any time with scrap (chequebook/transfer form) between the credit period. Checking Account Credit Facility is a short-term loan and the time period can be extended. Checking Account Credit is a facility provided by working capital.
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