Good Thinking

Welcome to a smarter solution for your savings.

Enjoy rates among the best nationwide for the past ten years.

Member Bonus*

» $60 for Executive Members
» $20 for Gold Star & Business Members

When you open your first account and deposit $5,000 within 30 days.

Online Savings Account

Online Savings Account
  One of the best savings rates among the top national banks, with free online transfers to and from existing bank accounts*
Money Market

Money Market Account
  A strong rate with outstanding access to your money via free online transfers, checks and ATM cards*
Certificate of Deposit Accounts

Certificate of Deposit Accounts
  Lock in a great fixed rate. No fees to open or maintain.

All accounts FDIC insured

Not sure which account is right for you?Compare our products
Try comparing our products side–by–side


  • 3.75%
    APY*
    Balance over $10,000
    • Exclusive rate for Costco members – One of the best among the top national banks
    • No fees
    • Free online transfers to and from your existing accounts*
    • $5,000 minimum deposit to open
    Learn more about Online Savings Account

    View our rates and terms

    Open an Online Savings Account
     
  • 3.20%
    APY*
    • Exclusive rate for Costco members
    • No fees
    • Free online transfers, checks and ATM card*
    • Open with as little as $1,000
    Learn more about High Yield Money Market
    Open a High Yield Money Market account
  • 5.45%
    APY*
    7-year term   
    • Exclusive fixed rates for Costco members
    • No fees to open or maintain your account
    • Convenient online access
    • $5,000 minimum investment to open
    Learn more about Certificates of Deposit

    View our rates and terms

    Open a Certificates of Deposit account
     
  • 3.20%
    APY*
    • Exclusive rate for Costco members
    • Easy access with checks*
    • No fees
    • $1,000 minimum deposit to open
    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 8/27/2008 and may change at any time.
Online Savings Account: If the daily balance of this money market account was $10,000 or more, the APY was 3.75%; if less than $10,000, the APY was 2.75%. Minimum initial deposit amount is $5,000. 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
Money Market Account: If the daily balance of this money market account was $100 or more, the APY was 3.20%; if not, the APY was 0.00%. 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
Certificates of Deposit: APY applies to 7-year term. 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. Fees could reduce earnings. Rates may change at any time. A substantial penalty may be imposed for early withdrawal. Rate Disclosure
Business Money Market Account: If the daily balance of this money market account was $100 or more, the APY was 3.20%; if not, the APY was 0.00%. 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
† National Average of APYs for money market accounts as published by BanxQuote.com as of 8/25/2008.
Bonus interest credit: Member bonus is paid as an interest credit. To receive the $60 interest credit, you must be a Costco Executive Member at the time you open your account. To receive the $20 interest credit, 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 interest credit will be credited to your account as interest income 4-6 weeks after you fund your account and may occur as two partial interest credits.