If you have at least $5,000 to deposit in a certificate of deposit 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 certificates of deposit have fixed rates, have 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 of minimum balance. Money markets include free online transfers and checks. The money market also includes a free ATM card.

In addition to CDs, Capital One also has a 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.

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