Money Market Account Money Market Account

Our Money Market Account rates have been among the best in the nation for the past 10 years. Our strong Money Market Account rates are well above many other banks savings account interest rates.

We also offer easier access to your money with free checks, an ATM card and online transfers to and from your existing checking and savings accounts[open diamond disclosure mark]

Competitor comparison information pulled from www.ingdirect.com and www.hsbcdirect.com as of 11/9/2009. The above non-Capital One service marks are owned by each respective entity. All rights reserved.

◊   Withdrawal limits apply.

  • What is a Money Market Account?
    A Money Market Account is a savings account that offers a higher-than-average rate of return on your money, three easy ways to access your money – free checks, ATM card and online transfers to and from your existing external bank accounts* – and the security of FDIC insurance. Costco Executive Members get a $60 member incentive and Gold Star and Business Members get a $20 member incentive* on your first Direct Banking account of any kind opened through the Costco program with at least $5,000 deposited in the first 30 days. A minimum initial deposit of $1,000 is required to open the account.
  • Great rates exclusively for Costco members
    We have a history of great rates. In fact, our rates have been among the best in the nation for the past 10 years.
  • Superior access to your money
    Secure and easy access to your money with free checks, an ATM card and easy online transfers. Compare us against some of our competitors in the box above.
  • 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.
  • Open with as little as $1,000
    The minimum deposit required to open an Money Market Account is $1,000.
  • No monthly fees
    Really. Service and maintenance fees do not apply to this account.
  • FDIC insured to at least $250,000 per depositor
    You know your money is safe with us. The Federal Deposit Insurance Corporation (FDIC) now 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. 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).

Learn about How It Works or read our FAQs

Open a Money Market account

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


Open an account by phone at 1-866-858-6593.

Service my Direct Banking accounts
  • 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
    Learn more about Online Savings Account

    View our rates and terms

    Open an Online Savings Account

  • Money Market Account
    1.40%
    APY*
    • Exclusive rate
    • No monthly fees
    • Free online transfers, checks and ATM card*
    • Open with as little as $1,000
    • FDIC insured
    Open a High Yield Money Market account

  • 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
    Learn more about Certificates of Deposit

    View our rates and terms

    Open a Certificates of Deposit account

  • 1.40%
    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 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 11/13/2009 and may change at any time.

Money Market Account: 1.40% APY applies to account balances of $100 or more. 0.00% APY applies to balances less than $100. 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

Costco Member Incentive: To receive the $60 Costco member incentive, you must be a Costco Executive Member at the time you open your account. To receive the $20 Costco member incentive, 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 member incentive will be credited to your account 4-6 weeks after you fund your account and may occur as two partial credits. The amount of the incentive may be reported to the IRS as required by applicable law. Please keep this incentive disclosure for your records.

† National Average for money market accounts as of 11/9/2009, Informa Research Services, Inc., Calabasas, CA, www.informars.com, based on balance of $10,000. Although the information has been obtained from various institutions, the accuracy cannot be guaranteed.

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