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InterestPlus Online Savings
Effective as of: 11/13/2009
Current Rates and Account Agreement Supplement
Please find below the interest rates and annual percentage yields (APY's) currently offered for this Capital One® InterestPlus Online Savings account. This information is accurate as of the date shown above. Rates are variable and may change at any time before and after account opening.Rates for InterestPlus Online Savings
| If your daily balance is: | the interest rate applied will be: | with an APY* of: |
|---|---|---|
| $0.01 - $4,999.99 | 0.00% | 0.00% |
| $5,000.00 - $9,999.99 | 1.73% | 1.75% |
| $10,000.00 - $99,999.99 | 1.73% | 1.75% |
| $100,000.00 + | 1.73% | 1.75% |
InterestPlus Online Savings accounts are held at Capital One Bank (USA), N.A..
Variable Rate Information
You must deposit at least $5,000 to open this account. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily. Interest will be compounded on a daily basis, and will be credited on a monthly basis. Interest begins to accrue on the day we receive electronic funds and one business day after we receive all other non-cash deposits, including checks, and cashier's checks.
Balance computation method
The daily balance method is used to calculate interest. This method applies daily periodic rates to the collected balance in the account each day. Fractional interest rounds up for a half cent or more and rounds down (and does not accrue) if less than a half cent.
InterestPlus Online Savings Transaction Limitations
No more than a maximum of six withdrawals in any calendar month are permitted. ATM cards and checks are not available for this account.
Quarterly Bonus
This account may be eligible for a quarterly 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 $15,000 in this account every month during the previous quarter. The bonus will be paid to your account within 4-8 weeks after the end of each quarter and will be reflected on your periodic statement. This account offers electronic statements only. The amount of the bonus may be reported to the IRS as required by applicable law.
Costco Member Incentive
If you are a Costco Executive Member you will receive $60, or if you are a Gold Star or Business Member, you will receive $20 when you open your first Capital One Direct Banking account of any kind through Costco and deposit at least $5000 within 30 days of opening the account. The incentive will be credited to your new account balance.
Please see the Capital One Money Market Agreement for more information on the terms of these accounts. If you have any questions, please give us a call at 1-866-858-6593 Monday through Friday, 8 a.m. to 8 p.m., or Saturday between 8 a.m. and 2 p.m., Eastern Time.
Variable Rate Information
You must deposit at least $5,000 to open this account. Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account daily. Interest will be compounded on a daily basis, and will be credited on a monthly basis. Interest begins to accrue on the day we receive electronic funds and one business day after we receive all other non-cash deposits, including checks, and cashier's checks.
Balance computation method
The daily balance method is used to calculate interest. This method applies daily periodic rates to the collected balance in the account each day. Fractional interest rounds up for a half cent or more and rounds down (and does not accrue) if less than a half cent.
InterestPlus Online Savings Transaction Limitations
No more than a maximum of six withdrawals in any calendar month are permitted. ATM cards and checks are not available for this account.
Quarterly Bonus
This account may be eligible for a quarterly 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 $15,000 in this account every month during the previous quarter. The bonus will be paid to your account within 4-8 weeks after the end of each quarter and will be reflected on your periodic statement. This account offers electronic statements only. The amount of the bonus may be reported to the IRS as required by applicable law.
Costco Member Incentive
If you are a Costco Executive Member you will receive $60, or if you are a Gold Star or Business Member, you will receive $20 when you open your first Capital One Direct Banking account of any kind through Costco and deposit at least $5000 within 30 days of opening the account. The incentive will be credited to your new account balance.
Please see the Capital One Money Market Agreement for more information on the terms of these accounts. If you have any questions, please give us a call at 1-866-858-6593 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.
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1.75%APY*With $5,000 or more
- 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
- $5,000 minimum deposit to open
- FDIC Insured
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1.40%APY*
- Exclusive rate
- No monthly fees
- Free online transfers, checks and ATM card*
- Open with as little as $1,000
- FDIC insured
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2.45%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
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1.40%APY*
- Exclusive rate
- No monthly fees
- Easy access with checks*
- Open with as little as $1,000
- FDIC insured
