- Primary Navigation
Frequently Asked Questions
Select your topic of interest below and click on a question.
The answer will be revealed right below.
Sponsored by
Skip to content
Capital One®
Select your topic of interest below and click on a question.
The answer will be revealed right below.
A Certificate of Deposit (CD) is a savings certificate that entitles the holder to receipt of interest. CDs tend to offer higher interest rates than a traditional savings accounts because the holder commits to a fixed rate for a set term. And Costco members receive an exclusive rate on CDs. Capital One offers CDs in terms of 18 months, 3 years, 5 years and 7 years with a minimum investment of $5,000. Costco Executive Members get a $60 member incentive and Gold Star and Business Members get a $20 member incentive on your CD.* To qualify, this must be your first Direct Banking account of any kind opened through the Costco program.
Capital One offers CDs in terms of 18 months, 3 years, 5 years and 7 years with a minimum investment of $5,000.
Capital One Bank (USA), N.A., and Capital One, N.A., are both FDIC members. Our FDIC certificate numbers are 33954 and 4297, respectively. All deposits in each Capital One banking institution are now separately FDIC-insured up to $250,000 per depositor, per ownership category. 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 learn more about these institutions at the FDIC website, www.fdic.gov, by searching for "Capital One National Association“ using Bank Find.
Since the FDIC considers Capital One's two subsidiary banks as two separate institutions, any funds held in Capital One Bank (USA), N.A., are insured separately from funds held in Capital One, N.A., and vice versa.
The FDIC also determines insurance coverage in the same institution by ownership categories. Your deposits in each Capital One institution are now FDIC-insured up to $250,000 per depositor, per ownership category. This increase to $250,000 has been extended through December 31, 2013.
Individual and joint accounts are insured separately. For example: if you have both an individual account and a joint account with your spouse in each of our institutions, total deposits for you as a couple can be insured up to $1.5 million (up to $250,000 in each of the individual accounts, and up to an additional $250,000 per spouse in each of the joint accounts).
Corporate and partnership account deposits are also insured up to $250,000 at each institution, and are insured separately from the personal accounts of the entity's stockholders, partners, or members.
Please note that Capital One, N.A. and Capital One Bank (USA), N.A. are participating in the FDIC’s Transaction Account Guarantee Program. Under this program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under this program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules. What this means for you is that if you already have a non-interest bearing transaction account, such as a Branch bank checking account, that account is separately insured from any other accounts you have at either institution through December 31, 2009. Noninterest-bearing transaction accounts are only available through Capital One, N.A. branches at this time.
This is summary information only. For additional FDIC insurance information, we encourage you to visit the FDIC’s website for more information - www.fdic.gov, or call 1-877-ASK FDIC (1-877-275-3342) - Hours of operation: 8 a.m. - 8 p.m. ET, Monday – Friday.
Costco Executive members receive a $60 member incentive when opening a CD while Gold Star and Business members receive a $20 member incentive as long as:
The member incentive will be credited to your account as interest income 4-6 weeks after you fund your account and may occur as two partial interest credits.
You have two convenient ways to open your account:
You can wire the initial deposit for your CD account or an additional deposit during the grace period of the CD only if the account money is sent from is in the name of the CD account owner. Wires can not be received from third parties, with the exception of escrow accounts and title companies, provided that you are listed as a beneficiary on the escrow or title account.
We will send you a written notice 25 days prior to the maturity of your CD in order to provide you with reinvestment options. Unless you instruct us otherwise, your CD will renew automatically at maturity for the same term at the then current rate for that term. One month CDs will not receive a maturity notice.
Yes, an early withdrawal penalty will apply. Please read the online Disclosure for details.
Interest accrues daily and can be paid out monthly, quarterly, semi-annually or annually, at your option; although, CDs with maturities of less than six months will pay interest at maturity.
You can’t add money to a CD during its term, but you can add money to a CD at the time of maturity if you choose to renew. Also, you can open additional CDs at any time.
There are two convenient ways to review account balances, current rates, and interest information.
You can wire funds out of your CD account upon maturity through your grace period of the CD only if the account money is sent to is in the name of the CD account owner or beneficiary (in deceased situations only). Wires can not be sent to third parties, including escrow accounts, and title companies. Please complete our Wire Request Form. Failure to submit a complete and accurate wire request will delay the wire from being processed.
Note there is a $20.00 service charge to process an outbound wire.
Capital One Direct Banking opens accounts in two FDIC-insured institutions. Not sure which institution your account was opened in? Check the information packet you received when you opened your account or call us at 1-888-810-4013.
Capital One Bank (USA), N.A.:
For Automated Clearing House (ACH)/Direct Deposit transactions: 051405515
For Wire Transfers: 051409375
Capital One, N.A.:
For Automated Clearing House (ACH)/Direct Deposit transactions: 056073502
For Wire Transfers: 056073612
Note there is a $20.00 service charge to process an outbound wire.
Equal Housing Lender
This site provides information about and access to financial services offered by the Capital One family of companies, including Capital One Bank (USA), N.A. and Capital One, N.A., members FDIC.
© 2009 Capital One. Capital One is a federally registered service mark. All rights reserved.
These pages are hosted by Capital One
© 2009 Capital One.
Capital One is a federally registered service mark. All rights reserved.
