High Yield Money Market

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.

You have two convenient ways to open your account:

• Complete our online application.
• Call us at 1-866-871-7932.

There are four ways you can make the initial deposit to your account.
 • Create an electronic link to an existing external account. We'll deduct the amount you specify after you verify some "test" deposits to the linked account. Read our FAQs for more information
 • Mail us a check.
 • Wire it from your current bank account. Read our FAQs for important details on this process.
 • Some existing users of Capital One Online Banking can make an "internal transfer" from one of their accounts (depending on account type).

You can easily withdraw your money in three different ways:
 • Transfer money online between your Capital One High Yield Money Market Account and your existing bank (and some brokerage) accounts through our free Online Banking service
 • Write a check to yourself or anyone else
 • Withdraw money with your ATM card
You can also wire money out of your High Yield Money Market account, although you'll need to pay a $20 service charge. Read our FAQs for important details on this process.

Note that money market accounts have different rules for withdrawing funds than a regular checking account. Withdrawals by online transfer and check are limited to a combined six per calendar month, three of which may be by check. ATM withdrawals are limited to $500 per day, with no monthly limit on how many times you use the card. Capital One does not charge a fee for ATM usage, but the ATM owner may. Please read your disclosure for more details.

Depositing funds is made simple and convenient by electronic transfer from your existing bank accounts through our free Online Banking service. Transfers generally take three to five business days to process. You can also mail a check to us or wire money into your account. Read our FAQs 11 for important details on this process.

You can access your account information by phone or with Capital One Online Banking. Learn more.

The Federal Deposit Insurance Corporation (FDIC) now provides insurance on deposits in Capital One Bank (USA), N.A. and Capital One, N.A., to at least $250,000 per depositor, per institution. This increase to $250,000 has been extended through December 31, 2013.

In addition, Capital One 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 $100 billion in total deposits because of the level of trust we've built with our customers.

You can securely access your accounts anytime online, or you can reach a Direct Banking Expert directly by calling us at 1-888-810-4013.