Certificates of Deposit

Effective as of: 12/24/2008


Current Rates and Account Agreement Supplement

Certificates of Deposit for Capital One Bank (USA), N.A.

Non-jumbo CD Rates (minimum deposit of $5,000)

CD Term Interest Rate* Annual Percentage Yield*
18 months2.76%2.80%
3 years3.49%3.55%
5 years3.97%4.05%
7 years4.45%4.55%

Jumbo Certificates of Deposit for Capital One Bank (USA), N.A.

Jumbo CD Rates (minimum deposit of $100,000)

CD Term Interest Rate* Annual Percentage Yield*
18 months2.76%2.80%
3 years3.59%3.66%
5 years4.07%4.15%
7 years4.45%4.55%

Accounts will be opened at Capital One Bank (USA), N.A., unless you request otherwise.

The above interest rates and annual percentage yields are effective as of 12/24/2008 and subject to change at any time.

* The APY assumes that interest remains on deposit until maturity. A penalty will be imposed for early withdrawal. An early withdrawal will reduce earnings; this fee may reduce earnings.

Costco Executive Members will receive $60 and Gold Star and Business Members will receive $20 when they open their first account of any kind through the Costco program and deposit at least $5,000 within 30 days of opening the account. The bonus will be credited to the new account balance and is reported as interest income.

Capital One Bank (USA), N.A., and Capital One, N.A., are both Members FDIC.

 Please see the Capital One Certificate of Deposit Agreement for more information on the terms of these accounts. If you have any questions, please give us a call at 1-866-710-9305 Monday through Friday, 8 a.m. to 8 p.m., or Saturday between 8 a.m. and 2 p.m., Eastern Time.

Need more answers? See our Frequently Asked Questions.
If you're ready to sign up, open an account now.


Open an account by phone at 1-866-710-9304.

  • 3.05%
    APY*
    Balance over $10,000
    • Exclusive rate for Costco members – One of the best among the top national banks
    • No fees
    • Free online transfers
    • $5,000 minimum deposit to open
    • FDIC insured
    Learn more about Online Savings Account

    View our rates and terms

    Open an Online Savings Account
     
  • 2.35%
    APY*
    • Exclusive rate backed by FDIC insurance for Costco members
    • No fees
    • Free online transfers, checks and ATM card*
    • Open with as little as $1,000
    Learn more about High Yield Money Market
    Open a High Yield Money Market account
  • 4.55%
    APY*
    7-year term   
    • Exclusive fixed rates backed by FDIC insurance for Costco members
    • No fees to open or maintain your account
    • Convenient online access
    • $5,000 minimum investment to open
    Learn more about Certificates of Deposit

    View our rates and terms

    Open a Certificates of Deposit account
     
  • 2.35%
    APY*
    • Exclusive rate backed by FDIC insurance for Costco members
    • Easy access with checks*
    • No fees
    • $1,000 minimum deposit to open
    Learn more about Business Money Market
    Open a Business Money Market account
Capital One Direct Banking deposit products are offered by Capital One Bank (USA), N.A., and Capital One, N.A., members FDIC. May not be combined with any other offers.
* The above annual percentage yields (APYs) are effective as of 12/24/2008 and may change at any time.
Online Savings Account: If the daily balance of this money market account was $10,000 or more, the APY was 3.05%; if less than $10,000, the APY was 1.55%. Minimum initial deposit amount is $ 5,000 . 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
Money Market Account: If the daily balance of this money market account was $100 or more, the APY was 2.35%; if not, the APY was 0.00%. Minimum initial deposit amount is $1,000. Terms and conditions of this offer may change at any time. Rates are variable and may change at any time after account opening. Withdrawal limits apply. Rate Disclosure
Certificates of Deposit: The APY in effect for an 18-month CD was 2.80%, the APY in effect for a 3-year CD was 3.55%, the APY in effect for a 5-year CD was 4.05%, and the APY in effect for a 7-year CD was 4.55%. 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. A substantial penalty may be imposed for early withdrawal; this fee could reduce earnings. Rates may change at any time. Rate Disclosure
Business Money Market Account: If the daily balance of this money market account was $100 or more, the APY was 2.35%; if not, the APY was 0.00%. Minimum initial deposit amount is $1,000. Terms and conditions of this offer may change at any time. Rates are variable and may change at any time after account opening. Withdrawal limits apply. Rate Disclosure
† National Average for money market accounts as of 12/29/2008, Informa Research Services, Inc., Calabasas, CA, www.informars.com. Although the information has been obtained from various institutions, the accuracy cannot be guaranteed.
†† Source: Informa Research Services, Inc. Calabasas, CA, as of 12/29/2008. www.informars.com. Data is based on a balance of $2,500. Although the information has been obtained from various institutions themselves, the accuracy cannot be guaranteed.
Bonus interest credit: Member bonus is paid as an interest credit. To receive the $60 interest credit, you must be a Costco Executive Member at the time you open your account. To receive the $20 interest credit, you must be a Costco Gold Star or Business member at the time you open your account. This must be your first Capital One Direct Banking account of any kind through the Costco program and you must fund your account with at least $5,000 within 30 days of account opening. The interest credit 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.