Today I wanted to review a couple of financial products. One I have used for a long time and one I am new to using.
The first is Capital One 360, which is an online banking division of Capital One and formerly ING Direct. In 2011 Capital One Financial Group bought out ING Group. Prior to that, ING before being sold out, they purchased Sharebuilder, an online stock broker company. I know very nice right? IDC as long as I still have my online banking. You can read more about that HERE.
Anyway Capital One 360 Online Banking covers everything a new local bank would: automatic savings plan, money teen checking, 360 checking, 360 savings, kids savings account, cds, online investing, accounts for kids, fixed rate mortgage, adjustable rate mortgage, solutions finder, iras, roll over your 401k, business savings account, business cds, sharebuilder 401k, roth ira etc.
I was with ING Direct for years before Capital One Financial Company took over. I love their service and I still do as Capital One 360.
Personally, I am trying to build an Emergency Fund, vacation/large purchases fund and money for my daughter a car, when she graduates high school and when she turns 21. I would also like to continue with online investing (formally sharebuilder) and building my retirement fund with a Roth IRA.
And this is all that I love about Capital One 360 because I can do all of that with a touch of a button, I dont need to go into any bank, I just do it all on my laptop. I of course have a normal local bank as well, Mountain America Credit Union which I can transfer to and from both accounts.
I also like the fact that they have an automatic savings plan. In fact since my income is so up and down I had turned it off and never turned it back on. I just did though for both my daughter and my emergency fund and a place for your savings goals and tells you what percentage you are at to reaching those goals called My Savings Goals.
Capital One 360 also has an awesome referral account. For every referral who joins Capital One 360 Online Banking you receive $20. TO JOIN CLICK HERE
Next I want to talk about this new online savings program I joined called Digit Savings.
Digit Savings isnt your typical program, its more innovated then most, it takes online banking up a level. Its not an online bank for one, it just helps you save based on the amount of money in your account at that type and notifies you via text message.
I first learned about it from an online friend on Facebook. I figure with my income being up and down this is a perfect way for me to save without fretting if I will have enough in my bank.
You communicate via text message and you have text message commands such as: savings to view your digit savings balance, checking to view your checking balance at the bank you have it pulling from, recent as your recent checking transactions, bills to view your upcoming bills, withdraw to make a withdraw from your digit savings, save to move money into your digit savings balance, pause to pause your digt savings, settings to adjust your balance updates and commands to view all those possible commands.
On their website they also keep a savings journal for you of everything you have saved so far. You can also pause your savings you could also choose commands via text to save more or save less.
Right now though you can only have one checking account connected though, but you can add user and change your bank information or basic information as well.
I personally started saving on December 30th 2015. I was also curious one day how they make money to profit and feed their employees and they got back to me promptly and I forgot like a normal bank they make money off the interest of the hold. DUH.
You can also connect to a Mint account online if you have one. I think I do and dont use it. idk lol.
You also make $5 a Referral who joins. TO JOIN CLICK HERE.
Anyway IMO both great online financial products to use with your savings goals.
PLEASE leave your comments below and until tomorrow 😉