How to Open A Sub Account Under An Existing Capital One 360 Account
If you don't have a savings account that allows sub-savings (or if you don't have one at all), that's okay! You simply need to open one up. Here are a few great suggestions for banks that offer great savings accounts (with sub-savings): Capital One 360 / ING Direct (This is the one I use)
You can have up to three separate 360 Checking accounts. If this is your first 360 Checking account, you're requesting that we automatically issue a debit card (the "Card") to you, and we'll automatically link each additional 360 Checking account to the debit card.
While this checking account is designed for teenagers, any child age 8+ can be a joint account holder with their parent or legal guardian. Once they turn 18, your teen can choose to open a 360 Checking account and transfer their balance from their MONEY account.
A Sub Share Account allows you to save for something specific, or separate your finances into separate Sub Shares on the same account – paying taxes, insurance, a new car, car repairs, vacation, or a new home, etc.
Capital One 360: Certificates of deposit. ... Both have competitive APYs across the board, but Ally's are a bit better, and it offers more CD types. Ally has an 11-month no-penalty CD and two Raise Your Rate options that let you increase your APY if the bank's rates go up.
Capital One 360 is the online banking branch of Capital One. They're part of the same holding company, but different "banks." Part of the way 360 retains such good terms is because they're online-only. They don't have the overhead of the standard Capital One bank with physical branches.
Overall bank rating
The bottom line: Capital One 360 offers a top-of-the-line bank experience with strong customer support. Its checking and savings accounts also earn solid rates and don't charge monthly fees.
Just fill out our Direct Deposit Form to get started. Link an external account to your 360 Checking to make adding and moving money even simpler. Tell your check to say “cheese” and deposit it in seconds with the Capital One Mobile app.
Best Savings Accounts for Kids Under Age 18
What Are the Top 10 Checking Accounts for Teens?
A kid-friendly account with grown-up features. So they can save just like you. A 0.30% APY that'll make them feel all grown up and keep their account balance growing even faster.
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Move their savings to the top of the class.
| Account Balance | Annual Percentage Yield (APY) |
|---|---|
| All balances | 0.30% |
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