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Capital One 360 Subaccounts: Here’s How

This article was written by in Saving. 10 comments.

Today, I received this question from Lindsey, a reader:

Hello! I have been reading through the archives that you have on your blog, and I see that when you had your ING Direct savings account you were able to set up subaccounts so that you personally could keep your money organized. I was wondering how you did this – I just started an account today because of what I read about ING on your site, and I would love to set up subaccounts as well! Thanks so much!

Here’s my response:

Update: As of February 2013, ING Direct is known as Capital One 360. Here is a review of Capital One 360. The same instructions for ING Direct apply to Capital One 360. The one difference is that subaccounts are now called Savings Goals.

Setting up a Savings Goal is simple. Log into the Capital One 360 website with your account number and PIN, then on the left hand side, click on the drop-down for My Accounts. Select Savings Goals. Provide a name for your goal, like “Vacation Fund.” They have a long list of goals ranging from buying a car to home improvement. You can also name your own goal. You’ll be able to fund the new account from any of your existing Capital One 360 accounts or your external bank account.

Banking Deal: Earn 1.75% APY on an FDIC-insured money market account at CIT Bank.

After funding, you’ll be able to view your Savings Goals and see your progess toward the goal.. Do this as often as you’d like. I have 8 Savings Goals, and I don’t think there is a limit, at least not a low limit.

Updated August 18, 2016 and originally published September 6, 2006.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 10 comments… read them below or add one }

avatar 1 Anonymous

Thanks for the great response!

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avatar 2 Anonymous

Interesting! I’m new to these online only savings accounts, so I’m wondering can you have subaccounts for other savings accounts such as HSBC or Emigrant Direct?

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avatar 3 Luke Landes

You can open up multiple subaccounts on Emigrant Direct (if you can access their website in the first place) and the process is very similar. I’m not sure about HSBC Direct.

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avatar 4 Anonymous

ING obviously has some issues with race. They boast over 70,000 entries in their “Show Your Orange” contest and not one winning face was black or latino. What’s up with that? And some of the entries they picked were WEAK!!! ING SUCKS!!!

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avatar 5 Anonymous

I’m reading this in the future, the year 2010. I wonder if ING still offers this, four years after you wrote it. I do hope so. Because here in the future, things sure are dark, financially.

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avatar 6 Anonymous


I’m writing this in the past, the year 1985. I wonder if you know where I could obtain some plutonium. I do hope so. Because I need to travel back to the future.

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avatar 7 Anonymous

I write to you even further into the future. Yes they do. I did it just now.

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avatar 8 Anonymous
avatar 9 Anonymous

I have a question for Flexo. Do you know if splitting the accounts up changes the interest earned? Will it take the interest separately on each account, or will it treat both accounts as one lump sum? Because I’d rather earn more interest than organize my account. [Also now the interest is only 1.10%, so sad.]

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avatar 10 Anonymous

Sorry, you can just ignore this, I realize how stupid this was since it’s the same either way. I wasn’t thinking for some reason.

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