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Our High Yield Money Market Account rates have been among the best in the nation for the past 10 years. Our strong High Yield Money Market Account rates are well above many other banks savings account interest rates.
We also offer easier access to your money with free checks, an ATM card and online transfers to and from your existing checking and savings accounts[open diamond disclosure mark]
Competitor comparison information pulled from www.ingdirect.com and www.hsbcdirect.com as of 12/18/07.
The above non-Capital One service marks are owned by each respective entity. All rights reserved.
◊ Withdrawal limits apply.
High Yield Money Market Account: The account that takes you higher.
What is a High Yield Money Market Account?
A High Yield Money Market Account is a savings account that offers a higher-than-average rate of return on your money, three easy ways to access your money – free checks, ATM card and online transfers to and from your existing external bank accounts* – and the security of FDIC insurance.
Great rates
We have a history of great rates. In fact, our rates have been among the best in the nation for the past 10 years.
Superior access to your money
Secure and easy access to your money with free checks, an ATM card and easy online transfers. Compare us against some of our competitors in the box above.
No fees and no minimum balance
Really. Service and maintenance fees do not apply to this account. You need $1 to open an account, but you'll earn interest on any amount you have in your account.
FDIC insured to at least $100,000 per depositor
You know your money is safe with us. The Federal Deposit Insurance Corporation (FDIC) provides insurance on deposits in Capital One Bank (USA), N.A. and Capital One National Association (N.A.), to at least $100,000 per depositor, the maximum amount allowable by law.
Learn more about Direct Banking
Direct Banking is Capital One's way of bringing you a variety of FDIC-insured savings accounts that earn great interest without ever having to step into a bank - you access your account online or over the phone. You are banking "directly" with us, so we can offer great fixed rates on certificates of deposit.
You can feel safe with us. Capital One, among the country's largest deposit institutions, is a leader in financial services, offering a broad spectrum of products and services to consumers, small businesses and commercial clients. We have more than $80 billion in total deposits because of the level of trust we've built with our customers.
* The above annual percentage yields (APYs) are effective as of 7/2/2008 and may change at any time.
Online Savings Accounts: If the daily balance of this money market account was $10,000 or more, the APY was 3.50%; if less than $10,000, the APY was 2.50%. Minimum initial deposit amount is $1. Terms and conditions of this offer may change at any time. Rates are variable and may change at any time. Withdrawals by online transfer are limited to six per calendar month. Rate Disclosure
High Yield Money Market Accounts: Rates are variable and may change at any time. Minimum deposit required to open account is $
1. Terms and conditions of this offer may change at any time. Withdrawal limits apply. Rate Disclosure
Certificates of Deposit: APY applies to 7-year term. Other rates and terms are also available. A minimum deposit of $5,000 is required to open a CD. A minimum deposit of $100,000 is required to open a Jumbo CD. Fees could reduce earnings. Rates may change at any time. A substantial penalty may be imposed for early withdrawal. Rate Disclosure
Business Money Market Accounts: Rates are variable and may change at any time. Minimum deposit required to open account is $1. Terms and conditions of this offer may change at any time. Withdrawal limits apply. Rate Disclosure
Rewards Account Information and Earning Miles: You will earn 1 mile for every $20 of average balance for the month in your Rewards Money Market account. Rewards apply to average balance for the month only. Rewards will be calculated as specified above and then rounded to the nearest whole increment. Your account must be open and in good standing (not overdrawn) to redeem rewards. Terms, conditions, and restrictions for existing No Hassle Miles credit card customers remain in effect. Miles will be applied to the rewards balance on a monthly basis within 60 days after the end of each month. Limit one open Rewards Money Market account per customer. Capital One has the right to change or cancel this rewards program at any time. Terms and conditions of this offer may change at any time. Minimum initial deposit amount is $1. Rates are variable and may change at any time. Withdrawal limits apply. Rate Disclosure
Rewards Account Opening Bonus: If you deposit $500 or more within 30 days of opening this account, you will receive a one-time bonus of 2,500 miles. This bonus will be applied to your rewards balance within 60 days of the minimum qualifying deposit amount posting to the account.
Rewards Redemption: The number of miles required for travel redemption will depend on the cost of the itinerary you choose at the time of redemption. The mileage requirement is as follows: 12,500 miles are required for tickets up to $150.00; 25,000 miles are required for tickets from $150.01 up to $350.00; 50,000 miles are required for tickets from $350.01 up to $600.00. For tickets over $600.00 in value, the required number of miles will be determined by multiplying the cost of the ticket by 100 (ex. $768 ticket requires 76,800 miles). The number of miles required to redeem for non-air travel redemptions will vary by rewards product and are subject to change at any time without notice. Once enrolled, you can visit www.capitalone.com/milesrewards to register the account and to see a complete description of current redemption offers. You will be responsible for all associated taxes, airport security charges, fuel surcharges and other usage fees required for travel. These charges will be included in the overall calculation to determine the appropriate number of miles required for redemption. Please note, for existing Capital One No Hassle Miles customers combining miles with a Rewards Money Market Account, your previously disclosed No Hassle Miles schedules and rules remain in effect and will apply to this rewards offer. The value of any miles redeemed for this money market product will be included in your year-to-date interest and year end tax reporting.
† National Average of APYs for money market accounts as published by BanxQuote.com as of 6/30/2008.
National Bank - We’re becoming a national bank, which requires some operational changes. As of March 1, 2008, we’ll be changing from Capital One Bank to Capital One Bank (USA), N.A., member FDIC. You will see this change happen gradually on the communications we send you regarding your account(s) and we will begin accepting new accounts into this entity at some point in the future.
