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.

Starting November 18, 2025, if you have both Capital One and Discover deposit accounts, they'll be jointly insured by the Federal Deposit Insurance Corporation (FDIC) up to the allowable limits. 

If you have Discover and Capital One CD accounts, they may continue to be separately insured:

• CDs that mature after Nov. 18, 2025, will remain separately insured by the FDIC until their maturity date after Nov. 18, 2025.

• CDs that mature before Nov. 18, 2025, and are renewed for a different term or dollar amount will remain separately insured until Nov. 18, 2025.

• CDs that mature before Nov. 18, 2025, and are renewed for the same term and dollar amount will remain separately insured until the first maturity date after Nov. 18, 2025.

For more information about FDIC deposit insurance coverage, please visit fdic.gov.

• Single accounts (owned by one person with no beneficiaries): $250,000 per owner
• Joint accounts (owned by two or more people with no beneficiaries): $250,000 per co-owner
• Revocable trust accounts: Each owner is insured up to $250,000 for each unique eligible beneficiary named or identified in the revocable trust, subject to specific limitations and requirements
• Business accounts: All deposits owned by a corporation, partnership or unincorporated association at Capital One are added together and insured up to $250,000, separately from the personal accounts of the owners or members

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.

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.

No. FDIC deposit insurance only covers certain deposit products, such as checking and savings accounts, money market deposit accounts (MMDAs) and certificates of deposit (CDs). 

See “Are My Accounts Insured by the FDIC?” for a full list of deposit products that are covered by FDIC insurance and the amount of deposit insurance coverage that may be available under FDIC’s different ownership categories.

The following explains FDIC insurance coverage for revocable trust accounts and is not intended as estate planning advice or guidance. Depositors should contact a legal or financial advisor for assistance with estate planning.

In general, the owner of a revocable trust account is insured up to $250,000 for each unique beneficiary, if all of the following requirements are met:

1. The trust relationship must be indicated in the account title. That means the title must reflect that when the revocable trust owner dies, the account funds will go to one or more beneficiaries. This rule can be met by using the terms payable on death (or POD), in trust for (or ITF), as trustee for (or ATF), living trust, family trust, or any similar language, including simply having the word "trust" in the account title. The account title includes information contained in the bank's electronic deposit account records.
2. The beneficiaries must be named in either the bank’s record for the deposit account (for informal revocable trusts) or identified in the formal revocable trust document. For a formal trust agreement, it’s  acceptable for the trust to use language such as "my issue" or other commonly used legal terms to describe the designated beneficiaries, provided the specific names and number of eligible beneficiaries can be determined.
3. To qualify as an eligible beneficiary, the beneficiary must be a living person, a charity or a non-profit organization. If a charity or non-profit organization is named as beneficiary, it must qualify as such under Internal Revenue Service (IRS) regulations.

An account must meet all of the above requirements to be insured under the revocable trust ownership category. Typically, if any of the above requirements are not met, the entire amount in the account, or the portion of the account that does not qualify, is added to the owner's other single accounts, if any, at the same bank and insured up to $250,000. 

Coverage for revocable trust accounts with multiple co-owners is calculated differently. See the FDIC’s Guide to Deposit Insurance or contact 1-877-275-3342 if you need assistance in determining the insurance coverage of your revocable trust.

All deposits owned by a corporation, partnership, or unincorporated association at Capital One are added together and insured up to $250,000, separately from the personal accounts of the owners or members.

Yes. You can get detailed information about your specific deposit insurance coverage by accessing the FDIC's Electronic Deposit Insurance Estimator (EDIE) and entering information about your accounts. You can also visit the FDIC Information and Support Center to submit a request for deposit insurance coverage information or you can call the FDIC at 1-877-ASK-FDIC (1-877-275-3342) and an FDIC deposit insurance specialist will help you calculate your deposit insurance coverage.