Capital One, N.A., is a member of the Federal Deposit Insurance Corporation (FDIC), an independent federal agency. The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.
Capital One customers don’t need to purchase or apply for FDIC insurance—coverage up to the FDIC’s limit is automatic whenever a deposit account is opened.
Deposits in checking accounts, savings accounts, money market deposit accounts and certificates of deposit are insured up to $250,000 per depositor, per insured bank and per ownership type.
The amount of FDIC insurance coverage you may have depends on your account’s FDIC ownership category, such as:
All deposits that an account holder has in the same ownership category, within the same bank, are added together and insured up to the standard insurance amount of $250,000. Business account deposits are also insured—up to $250,000 per depositor, per ownership type—separately from the personal accounts of the business entity's stockholders, partners or members.
Yes. In some instances, account holders may be entitled to more than $250,000 of FDIC insurance. Deposits held in different ownership categories are separately insured, up to $250,000 for each, even if held at the same bank.
Here are three examples:
(*See “Revocable and Irrevocable Trust Accounts” for more information on how deposit insurance is calculated for these types of accounts.)
For more information about the different FDIC ownership categories and the amount of coverage available to you or your beneficiaries, you can visit the FDIC’s What’s Covered page.
You may be able to increase your coverage under certain scenarios. To learn more about ways to increase your coverage, refer to the FDIC’s Your Insured Deposits page to view possible scenarios to maximize your coverage.
What is deposit insurance?
FDIC deposit insurance protects Capital One customers. Bank customers don’t need to purchase deposit insurance—it’s automatic for any deposit account opened at Capital One. Deposits are insured up to $250,000 per depositor, per ownership category at Capital One.
Deposit insurance is calculated dollar-for-dollar—that includes principal plus any interest accrued. For example, if a customer had a CD account in their name alone, with a principal balance of $195,000 and $3,000 in accrued interest, the full $198,000 would be insured.
What are the coverage limits for the different ownership categories?
How can I get deposit insurance?
Coverage is automatic whenever a deposit account is opened at Capital One—there’s no need to apply for or purchase FDIC deposit insurance.
If you want your funds insured by the FDIC, just be sure that your deposit doesn’t exceed the insurance limit for that ownership category in your Capital One account.
What is the difference between “deposit products" and “ownership categories”?
FDIC-insured deposit products include checking accounts, savings accounts, certificates of deposit (CDs) and money market deposit accounts (MMDAs). The amount of FDIC insurance coverage you may have depends on the ownership category. This generally means the manner in which you hold your funds. Some examples of FDIC ownership categories include single accounts, joint accounts, trust accounts and business accounts.