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Miles earned calculated as follows: 2,500 miles for opening a new money market account, plus one mile for each $20 average balance for the month (including compound interest earned each month) x 12 months. This assumes no withdrawals during the year.
Competitor comparison information pulled from www.usbank.com and www.wachovia.com as of 11/17/2008 using New York money market account rates. Rates assume $10,000 account balance for one year. The above non-Capital One service marks are owned by each respective entity. All rights reserved.
A Rewards Money Market Account offers you a great 2.35% APY interest rate and No Hassle Miles on your monthly balance.*
Get rewarded for saving
2,500 bonus miles with a $500 opening deposit*
It takes only $1 to open a Rewards Money Market Account. Deposit $500 within the first month and get 2,500 bonus miles.*
Earn rewards—every month
Accumulate miles and watch your money grow with our great rate. Earn 1 mile for every $20 of your average balance for the month, good for cash, travel, merchandise, and more.
Easy, hassle-free redemption
Access rewards information and redeem online or over the phone. There's no waiting period—start redeeming as soon as you have enough miles to cash in. Looking for flexible redemption options? With a Rewards Money Market, you can redeem your miles for cash, air travel, merchandise—even charitable donations. Learn More
Earn great interest on your money
Great rates and superior access to your money
Get a more competitive interest rate than a traditional savings account offers—as well as easy access to your money with free checks, an ATM card, and convenient online transfers.*
No fees and no minimum balance
There are no fees with this account, and you are not required to maintain a minimum balance to earn the current rate.
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 ownership category. This increase to $250,000 is currently approved until December 31, 2009.
For example: Individual and joint accounts are insured separately. This means that if you have both an individual and joint account in each of our institutions, your total deposits 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 depositor in each of the joint accounts).
* The above annual percentage yields (APYs) are effective as of 11/19/2008 and may change at any time.
Online Savings Accounts: If the daily balance of this money market account was $10,000 or more, the APY was 3.40%; if less than $10,000, the APY was 2.40%. 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
High Yield Money Market Accounts: Rates are variable and may change at any time. Minimum deposit required to open account is $
1. Terms and conditions of this offer may change at any time. Withdrawal limits apply. Rate Disclosure
Certificates of Deposit: The APY in effect for a 6-month CD was
3.00%, the APY in effect for a 1-year CD was
3.85%, the APY in effect for an 18-month CD was
4.30%, the APY in effect for a 2-year CD was
4.00%, the APY in effect for a 30-month CD was
4.00%, the APY in effect for a 3-year CD was
4.00%, the APY in effect for a 4-year CD was
5.00%, the APY in effect for a 5-year CD was
5.20%, the APY in effect for a 7-year CD was
5.50%, and the APY in effect for a 10-year CD was
5.70%. 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
Business Money Market Accounts: Rates are variable and may change at any time. Minimum deposit required to open account is $1. Terms and conditions of this offer may change at any time. Withdrawal limits apply. Rate Disclosure
Rewards Account Information and Earning Miles: You will earn 1 mile for every $20 of average balance for the month in your Rewards Money Market account. Rewards apply to average balance for the month only. Rewards will be calculated as specified above and then rounded to the nearest whole increment. Your account must be open and in good standing (not overdrawn) to redeem rewards. Terms, conditions, and restrictions for existing No Hassle Miles credit card customers remain in effect. Miles will be applied to the rewards balance on your credit card on a monthly basis within 60 days after the end of each month. Your No Hassle Rewards credit card account terms and conditions apply, including those regarding the earning and redeeming of miles. Account closure or suspension may result in any remaining miles being forfeited, and you will no longer earn miles for your money market account. Limit one open Rewards Money Market account per customer. Capital One has the right to change or cancel this rewards program at any time. Terms and conditions of this offer may change at any time. Minimum initial deposit amount is $1. Rates are variable and may change at any time. Withdrawal limits apply. Rate Disclosure
Rewards Account Opening Bonus: If you deposit $500 or more within 30 days of opening this account, you will receive a one-time bonus of 2,500 miles. This bonus will be applied to your rewards balance on your credit card account within 60 days of the minimum qualifying deposit amount posting to the account.
Rewards Redemption: The number of miles required for travel redemption will depend on the cost of the itinerary you choose at the time of redemption. The mileage requirement is as follows: 12,500 miles are required for tickets up to $150.00; 25,000 miles are required for tickets from $150.01 up to $350.00; 50,000 miles are required for tickets from $350.01 up to $600.00. For tickets over $600.00 in value, the required number of miles will be determined by multiplying the cost of the ticket by 100 (ex. $768 ticket requires 76,800 miles). The number of miles required to redeem for non-air travel redemptions will vary by rewards product and are subject to change at any time without notice. Once enrolled, you can visit www.capitalone.com/nohasslerewards to register the account and to see a complete description of current redemption offers. You will be responsible for all associated taxes, airport security charges, fuel surcharges and other usage fees required for travel. These charges will be included in the overall calculation to determine the appropriate number of miles required for redemption. Please note, for existing Capital One No Hassle Miles customers combining miles with a Rewards Money Market Account, your previously disclosed No Hassle Miles schedules and rules remain in effect and will apply to this rewards offer. The value of any miles redeemed for this money market product or transferred to another rewards account will be included in your year-to-date interest and year end tax reporting.
† National Average of APYs for money market accounts as published by BanxQuote.com as of 11/17/2008.
Capital One Direct Banking products and services are offered by Capital One Bank (USA), N.A., and Capital One N.A., members FDIC.
Rewards Money Market Account 
