Certificates of Deposit FAQ

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1.Can I make additional deposits at any time during the term of my CD?
2.What if I need to withdraw funds before my CD matures?
3.How often do CD rates change?
4.How is a "Flex" type CD different than regular CD's?
5.Are my deposits with Capital One insured by the FDIC?
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1. Can I make additional deposits at any time during the term of my CD?
Deposits are only accepted when the CD is opened or during the grace period upon maturity.
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2. What if I need to withdraw funds before my CD matures?
If you withdraw funds from a CD at any time other than during the grace period when it matures, an early withdrawal penalty applies. The amount of the penalty depends on the term of the CD.
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3. How often do CD rates change?
At Capital One®, rates are reviewed and subject to change weekly.
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4. How is a "Flex" type CD different than regular CD's?
Our Flex CD products provide the option to bump up the interest rate if the market goes up, without restarting your term or paying a fee. Conditions and limits vary by product.
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5. Are my deposits with Capital One insured by the FDIC?
Yes. Capital One is a member of the FDIC. The FDIC - short for the Federal Deposit Insurance Corporation - is an independent agency of the United States government. To learn more about the FDIC visit their web site at www.fdic.gov.
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