InterestPlus Online Savings Account InterestPlus Online Savings

Our InterestPlus Online Savings Account offers one of the best savings rates among the top national banks, with a balance of $5,000 or more. Earn very competitive interest with very little effort plus a 10% bonus on interest earned with this InterestPlus Online Savings Account

  • What is an InterestPlus Online Savings account?
    InterestPlus Online Savings is an online savings account that gives you:
    • 1.40% Annual Percentage Yield (APY). That's one of the best savings rates among the top national banks
    • PLUS an extra 10% quarterly bonus on your interest earned with a balance of at least $10,000 in your savings account each month to qualify.
  • Exceptional savings rates
    One of the best savings rates among the top national banks.
  • Easy online transfers
    Access your money securely and easily with free online transfers to and from your existing external bank accounts*.
  • No fees and no minimum balance
    That means there are no fees to eat into your interest and no minimum balance to start earning interest.
  • Costco Member Incentive: $60 for Executive; $20 for Gold Star and Business
    Executive Members receive a $60 member incentive and Gold Star and Business Members receive a $20 member incentive* on your first Direct Banking account of any kind opened through the Costco program with at least $5,000 deposited into the account in the first 30 days after opening.
  • $5,000 minimum deposit
    The minimum deposit required to open an InterestPlus Online Savings account is $5,000.
  • Electronic statements
    Your account statements will be delivered exclusively through Online Banking — that's less mail to deal with every month.
  • FDIC insured to at least $250,000 per depositor
    FDIC insured to at least $250,000 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, N.A., to at least $250,000 per depositor, per institution. See fdic.gov for more details.

    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).

Learn about How It Works or read our FAQs

Open a High Yield Money Market account

See our Rates and Disclosures.
Or, open an account now.


Service my Direct Banking accounts
  • 1.40%
    APY*
    • Exclusive rate for Costco members—One of the best among the top national banks
    • 10% quarterly bonus
      on interest earned for qualifying accounts
    • No fees, no minimum balance
    • $5,000 minimum deposit
    • FDIC Insured
    View our rates and terms

    Open an Online Savings Account

  • 1.30%
    APY*
    • Exclusive rate
    • No monthly fees
    • Free online transfers, checks and ATM card*
    • Open with as little as $1,000
    • FDIC insured
    Learn more about High Yield Money Market

    Open a High Yield Money Market account

  • 1.80%
    APY*
    5-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 deposit to open
    Learn more about Certificates of Deposit

    View our rates and terms

    Open a Certificates of Deposit account

  • 1.30%
    APY*
    • Exclusive rate
    • No monthly fees
    • Easy access with checks*
    • Open with as little as $1,000
    • FDIC insured
    Learn more about Business Money Market

    Open a Business Money Market account

Capital One Bank 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. You must be a current Costco member to take advantage of this offer. Terms and conditions of this offer may change at any time.

For additional FDIC insurance information, we encourage you to visit the FDIC’s Web site, www.fdic.gov, or call 1-877-ASK FDIC (1-877-275-3342) - Hours of operation: 8:00 a.m.–8:00 p.m. ET, Monday–Friday.

*   The above annual percentage yields (APYs) are effective as of 9/1/2010 and may change at any time.

InterestPlus Online Savings: APY in effect as of 9/1/2010. 1.40% APY applies to account balances of $0.01 or more. Rates are variable and may change at any time. Minimum deposit required to open the accout is $5,000. Withdrawals by online transfer are limited to six per calendar month. This account offers electronic statements only. Rate Disclosure

InterestPlus Online Savings 10% Bonus: Each quarterly bonus will be equal to 10% of the interest earned on this account in the previous quarter. In order to be eligible to receive this bonus, your InterestPlus Online Savings account must be open, and you must maintain an average monthly balance of at least $10,000 in this account every month during the previous quarter. The bonus will be paid to your InterestPlus Online Savings account within 4-8 weeks after the end of each quarter and will be reflected on your statement. The amount of the bonus may be reported to the IRS as required by applicable law. Terms and conditions of this offer may change at any time.

Costco Member Incentive: To receive a Costco Member Incentive, you must be a current Costco 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 amount of the Costco Member Incentive varies by membership type. The applicable Costco Member Incentive will be credited to your account 4-6 weeks after you fund your account and may occur as two partial credits. Please keep this disclosure for your records.

‡ This chart represents interest earned for one year assuming no withdrawals plus the 10% bonuses on the interest earned. Actual interest and bonus earned may vary.
† National Average for money market accounts as of 08/30/2010, Informa Research Services, Inc., Calabasas, CA, www.informars.com, based on balance of $5,000. Although the information has been obtained from various institutions, the accuracy cannot be guaranteed.