Earn 0.75% APY on balances up to $100,000
Your rate is guaranteed not to decrease for 12 months after opening.
We do not charge fees at Capital One branded ATMs, and we reimburse you up to $15 per statement on other bank's ATM fees.
Great for combined balances of $5,000 or more
To keep this account and enjoy all the benefits that this account offers, you are expected to maintain a combined balance of $5,000 across all your Capital One deposit accounts.
Frequently Asked Questions
- Why choose a High Yield Checking account?
There are many reasons to choose a High Yield Checking account:
- Free checking that earns like savings.
- No Monthly Service Fees.
- Free ATMs. We'll cover any ATM fees other banks may charge you, up to $15 a month.
- Free checks
- Deposits insured up to full FDIC limits.
- How do I earn the advertised APY for a year?
When you open your account you will lock in and earn a rate that's guaranteed for the first 12 months on balances up to $100,000.
- How do I earn interest?
For the first 12 months you'll earn an a great, guaranteed APY on your account balances of $100,000 or less. For balances above $100,000, you'll earn a standard competitive APY. After a year, you'll continue earning competitive interest on your entire balance.
- Is there an eligibility requirement to get the advertised rate?
The advertised rate is only available for a limited time and is reserved for new Capital One Bank checking customers. For more information call 1-888-855-BANK (2265) or visit your local Capital One Bank branch.
- Is there a monthly service fee?
There is no monthly service fee.
- What is the minimum opening deposit for a High Yield Checking account?
The minimum opening deposit is $500.
- What is required to maintain a High Yield Checking account?
To ensure you continue to enjoy all the benefits of High Yield Checking, you are required to either maintain a $5,000 average monthly combined balance across your Capital One Bank checking, savings, money market, CD, and brokerage accounts (after opening your account, you have two months to reach $5,000 in average combined balances), or have a Capital One home loan in good standing. If not, your account may be converted or closed.
$500 minimum opening deposit required. As of 06/13/13, a promotional annual percentage yield (APY) of 0.75% applies to account balances of $100,000 or less, and a promotional APY of 0.75% to 0.40% applies to balances of more than $100,000, depending on the account balance. An interest rate of 0.40% will be paid for the portion of your daily balance that is greater than $100,000. Advertised rates available for a limited time. Both promotional APYs will expire 365 days after account opening. Upon expiration of the promotional APYs, the standard APY in effect as of that date will apply to the entire account balance. This standard APY is subject to change at any time without notice. Free checks included. Rates vary by market.
To keep the account, maintain a combined balance of $5,000.00 or more. Combined balances include: (i) the average monthly ledger balances in your Capital One, N.A. and/or Capital One Bank (USA), N.A. checking, savings, and money market accounts; (ii) the monthly ledger balance of your Capital One, N.A. and/or Capital One Bank (USA), N.A. certificate of deposit accounts; and (iii) the prior month-end balance** in your brokerage account. OR;
Maintain a (i) mortgage SERVICED BY Capital One, N.A., (ii) home equity loan or (iii) home equity line of credit with AN OUTSTANDING balance AND WHICH IS NOT DELINQUENT, as of the last day of the prior STATEMENT CYCLE.
Limit one High Yield Checking account per consumer. Additional accounts are subject to conversion and/or closure. Promotional interest rates not applicable to existing checking account customers or converted checking accounts. Existing checking customers and converted accounts will earn interest at the standard interest rates. Account subject to conversion and/or closure if minimum balance requirements are not met.
Securities are offered through Capital One Investment Services LLC, member FINRA/SIPC. Annuities are offered through Capital One Agency LLC. Investment advisory services are offered through Capital One Financial Advisors LLC, a state-registered investment advisory firm. All are non-banking affiliates of Capital One, N.A. Investment/brokerage products: not a deposit, not FDIC insured, not bank guaranteed, not insured by any Federal Government agency and may lose value.
Terms and conditions subject to change.
Fees assessed at any ATM within the United States and some ATMs located outside the United States will be reimbursed within 5 business days, up to $15 per statement period.
At certain ATMs owned and operated by Capital One Bank in gaming establishments and at certain other non-branch locations having no Capital One Bank signage, you may be charged a fee up to $4.99 for each cash withdrawal. The amount of the fee varies by location and will be displayed on the ATM screen. You will be given the opportunity to cancel the transaction before the fee is imposed. Fees could reduce earnings on the account.
Products and services are offered by Capital One, N.A., Member FDIC. © 2013 Capital One. Capital One is a federally registered service mark. All rights reserved.