[toast0]

> As soon as I heard about the shutdown I closed my accounts and moved away from Simple, and it seems like it was the right decision.

Indeed, getting out before things fully wind down is going to go smoother for so many things; a good habit to get into.

> I think you can get up to 0.50% APY right now at other places, with caveats.

My primary credit union, Star One, has 0.5% on savings for the past year? or so, field of membership includes Santa Clara County, Alameda County, Merced County, Monterey County, San Benito County, San Joaquin County, San Mateo County, Santa Cruz County, and Stanislaus County; ask around for a referral code because there's a decent referral bonus; if you jump through hoops, you can get 0.5% on checking too. Penfed has 0.45% and no geo restrictions if you join a club (but I haven't done it). Capital One has 0.4%, but is Capital One. If you're getting 0.1% you're doing it wrong.

[dlgeek]

Ally's also at 0.50%

[astura]

T-Mobile MONEY (a division of Customers Bank) has 1% APY, no limits, no strings attached.

You can also get 4% APY on the first $3,000 if you have a TMobile account and wanna jump through some hoops.

[toast0]

This looks quite interesting, thanks. I had heard of the 4% on $3,000, but not the 1% no limits (although one should certainly consider the FDIC limits). No joint accounts is a bit of a headache, but twice the interest might be worth it.

[kqr2]

Just curious what is wrong with Capital One?

[brewdad]

Capital One screwed me over when I had a credit card with them about 25 years ago. It was less than $100 but I never forgot. The day they announced they were buying ING is the day I moved my money elsewhere.

I'm sure they've lost far more by losing my business than the money they squeezed out of me years ago.

[toast0]

They feel skeezy, from years of marketing and targeting of their credit cards. I liked the ING Direct branding before CapOne bought them. No specific issues or experience though.

[jurassic]

I got screwed by Capital One when they refused to wire my funds to a different institution when I needed them to for a big stock option exercise. The rep on the phone told me their policy was to only do wire transfers for home closings. They wouldn't budge, which seemed shocking and completely unacceptable to me, so I initiated closing of the account that same day.