Online Savings Account

How it Works

Online Savings Account: One of the best rates in saving among the top national banks

  • What is an Online Savings Account?
    An Online Savings Account is a savings account that offers one of the best rates in savings among the top national banks, access to your money with free online transfers to and from your existing external bank accounts◊ – and the security of FDIC insurance.
  • How do I open an account?
    You can complete our convenient online application.
  • How do I withdraw my money?
    You can easily withdraw your money by transferring money online between your Capital One Online Savings Account and your existing bank (and some brokerage) accounts through our free Online Banking service.

    Note that this account has different rules for withdrawing funds than a regular savings account. Withdrawals by online transfer are limited to six per calendar month. Please read your disclosure for more details.
  • How do I make deposits?
    Depositing funds is made simple and convenient by electronic transfer from your existing bank accounts through our free Online Banking service. Transfers generally take three to five business days to process. You can also mail a check to us or wire money into your account. Read our FAQs for important details on this process.
  • Why should I trust my deposit to Capital One?
    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.

    In addition, Capital One is a leader in financial services, offering a broad spectrum of products and services to consumers, small businesses and commercial clients. We have more than $100 billion in total deposits because of the level of trust we’ve built with our customers.

    You can securely access your accounts anytime online, or you can reach a Direct Banking Expert directly by calling us at 1-888-810-4013.
Open an Online Savings account
◊ Withdrawals by online transfer are limited to six per calendar month.

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


Service my Direct Banking accounts
  • 1.70%
    APY*
    With $2,500 or more
    • One of the best rates among the top national banks
    • 10% bonus on interest earned for qualifying accounts
    • No monthly fees
    • FDIC insured
    Learn more about InterestPlus Online Savings Account

    View our rates and terms

    Open an Online Savings Account

  • Online Savings Account
    1.50%
    APY*
    Balance over $10,000
    • A rate among the best
      in the nation
    • No monthly fees
    • Free online transfers
    • FDIC insured
    Learn more about Online Savings Account

    View our rates and terms

    Open an Online Savings Account

  • 1.20%
    APY*
    • Great rate backed by FDIC insurance
    • No monthly fees, no minimum balance
    • Free online transfers, checks and ATM card*
    Learn more about High Yield Money Market

    Open a High Yield Money Market account

  • 1.10%
    APY*
    • Great rate backed by FDIC insurance
    • 2,500 bonus miles*
    • Earn rewards for saving
    • No monthly fees, no minimum balance
    Learn more about Rewards Market

    Open a Rewards Money Market account

  • 2.85%
    APY*
    4-year term    
    • Fixed rates backed by FDIC insurance
    • No monthly fees to open or maintain your account
    • Convenient online access
    Learn more about Certificates of Deposit

    View our rates and terms

    Open a Certificates of Deposit account

  • 1.01%
    APY*
    • Great rate backed by FDIC insurance
    • Easy access with checks*
    • No monthly fees, no minimum balance
    Learn more about Business Money Market

    Open a Business Money Market account

*   The above annual percentage yields (APYs) are effective as of 11/13/2009 and may change at any time.
Online Savings Accounts: 1.50% APY applies to account balances of $10,000–$24,999.99, $25,000–$49,999.99, $50,000–$99,999.99, and $100,000 or more. 0.50% APY applies to balances of $0.01–$99.99, $100–$4,999.99, and $5,000–$9,999.99. Minimum initial deposit amount is $1. 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
Capital One Direct Banking products and services are offered by Capital One Bank (USA), N.A., and Capital One N.A., members FDIC.

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