Capital One Direct Banking
Category: Bank Deals, CD Rates, Money Market Rates- fhuff- 7:40 pm/ June 12, 2010If you have at least $5,000 to deposit in a certificate of deposit (CD) at Capital One Direct Banking, you could earn 1.88% annual percentage yield (APY) for three years. The bank has other CD rates for various terms that include:
- 1.24% for 2 years
- 2.18% for 4 years
- 2.47% for 5 years
- 2.96% for 7 years
- 3.2% for 10 years
CD rates for terms less than two years are also available. Jumbo CD rates are available for deposits of at least $100,000. The CDs have fixed rates, no fees to open or maintain an account, and are insured by the Federal Deposit Insurance Corp.
Capital One Direct Banking also has a high yield money market with no monthly fees on minimum balances. Money markets include free online transfers and checks. The money market also includes a free ATM card.
The high yield money market rate for all balances as of June 9, 2010, is 1.1% APY. Interest rates and APYs are variable and can change at any time. Interest is compounded daily and credited monthly. You are limited to six withdrawals from a money market during each calendar month.
Capital One Direct Banking products and services are offered by Capital One Bank (USA) N.A. and Capital One N.A.

