We do not charge fees at Capital One Bank branded ATMs, and we reimburse up to $15 per statement on other banks' ATM fees.
Great rates guaranteed for one year
Earn 0.40% APY on balances up to $100,000.
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 Bank deposit accounts, brokerage accounts, and home loans in good standing.
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High Yield Checking FAQs
- Why choose a High Yield Checking account?
There are many reasons to choose a High Yield Checking account:
- Free ATMs. We'll cover any ATM fees other banks may charge you, up to $15 a month.
- Great Rate that's guaranteed for a year.
- No Monthly Service Fees.
- 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 a great, guaranteed 0.40% APY on your account balances of $100,000 or less. For balances above $100,000, you'll earn a standard competitive 0.40% 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. Advertised rates available for a limited time. As of 01/09/14, a promotional annual percentage yield (APY) of 0.40% applies to account balances of $100,000 or less, and a promotional APY of 0.40% 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. 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. The standard APY is subject to change at any time without notice. Rates vary by market.
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. Terms and conditions subject to change.
To maintain the account, you must maintain a combined balance of $5,000 or more. Combined balances include: (i) the average monthly ledger balances in your personal 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 personal Capital One, N.A. and/or Capital One Bank (USA), N.A. certificate of deposit accounts; (iii) the prior month-end balance in your personal Capital One, N.A. 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. For new accounts only. Limit one High Yield Checking account per customer. Additional accounts are subject to conversion and/or closure. Account subject to conversion and/or closure if minimum balance requirements are not met. Existing checking customers and converted accounts will earn interest at the standard interest rates.
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.