Capital One Bank CD Rates in NY (New York)

April 7, 2011 No Comments »

In keeping with our coverage of CD rates offered by the largest banking institutions in the US, we uncovered some pretty horrendous deposit rates offered by Capital One in their NY branches. Whether you live in NY or not, you’ll likely find similar rates from Capital One across the country as their rates are consistently low. Despite the fact that they are offering CD rates significantly under today’s national average(s), they are still one of the largest consumer deposit holders in the country. Capital One, headquartered in Virginia, has roughly 995 offices/branches through the country and controls roughly $122 billion in deposits.

Capital One Branch Locations: The largest number of locations are in New York, followed by NJ, LA, MD, Washington DC, VA, and TX.

Products: Capital One is the fourth largest issuer of Visa and Mastercard credit cards with roughly 37 million accounts in the US. Even though their bank CDs are completely un-enticing, their credit cards are still widely popular as they specialize in rewards programs involving travel, merchandise and cash back.

In 2010 Capital One reported $16.1 billion in revenue and $2.4 billion in net income.

Today’s Capital One CD Rates in NY:

(Rates accurate as of April 2011. Visit CapitalOne.com for updated rates and information.)

- 5 year CD yielding 2.30% APY with a minimum deposit of $5,000 required.

- 3 year CD yielding 1.10% APY with a minimum deposit of $5,000 required.

- 30 month CD yielding 0.75% APY with a minimum deposit of $5,000 required.

- 2 year CD yielding 0.74% APY with a minimum deposit of $5,000 required.

- 18 month CD yielding 0.75% APY with a minimum deposit of $5,000 required.

- 1 year CD yielding 0.50% APY with a minimum deposit of $5,000 required.

- 6 month CD yielding 0.25% APY with a minimum deposit of $5,000 required.

To put Capital One’s rates in perspective, the current national average for 6 month CDs and 12 month CDs sit at 0.56% APY and 0.86% APY respectively.

Related Posts