Certificates of Deposit

Effective as of: 7/1/2009


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 months1.54%1.55%
3 years1.54%1.55%
5 years2.03%2.05%
7 years2.03%2.05%

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 months1.54%1.55%
3 years1.54%1.55%
5 years2.03%2.05%
7 years2.03%2.05%

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 7/1/2009 and subject to change at any time.

Rates are locked for 10 calendar days at time of account opening to allow you time to fund your CD. If we receive your funds within 10 calendar days of the day you opened your account, you will receive the rate effective on your application date. Accounts funded after this time will receive the rate effective at time of funding.

* 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 1-866-710-9304 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.

  • 1.80%
    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

  • 1.60%
    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

  • Certificates of Deposit
    2.05%
    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

    Open a Certificates of Deposit account

  • 1.60%
    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 7/1/2009 and may change at any time.
Certificates of Deposit: The APY in effect for an 18-month CD was 1.55%, the APY in effect for a 3-year CD was 1.55%, the APY in effect for a 5-year CD was 2.05%, and the APY in effect for a 7-year CD was 2.05%. 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
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.

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