5 star ratingAverage User Rating:
5 star rating based on 1 review.

Capital One Bank

Capital One Bank Locations
1680 Capital One Drive
Mclean, VA 22102
(703) 448-3747
www.capitalone.com

FDIC


Capital One Bank is headquartered in Mclean and is the largest bank in the state of Virginia. It is also the 8th largest bank in the nation. It was established in 1933 and as of March of 2013, it had grown to 24,028 employees at 948 locations. Capital One Bank has a 5-star health rating.

Related Posts

Capital One Branches Still Offering Checking Promo with a 1-Year Rate Guarantee in Some States - 3/25/2013

If you live in the market area of Capital One Bank , new customers can still get a good checking account deal. They have been offering this deal for awhile, and I’m still seeing it advertised. It has ...

$300 Capital One Business Checking Promotion Continues Into 2013 (Forum) - 1/17/2013

Capital One has long offered this promotion. This new one is scheduled to last until 4/30/2013, but it will likely be extended. Similar Capital One promotions have been targeted and required the original mailer. So your miles may vary (YMMV). Capital One

Capital One High Yield Checking Rate NON-PROMOTIONAL (Forum) - 12/6/2012

Now that the one-year rate lock on my in-branch Capital One High Yield checking account is over, I can report that the non-promotional interest rate in the NYC metro area is 0.25%. Seems low for an account billed as "high yield," but it is technically 5x

ING DIRECT's New Name Will Be Capital One 360 - 11/7/2012

ING DIRECT finally announced what their new name will be. Effective on February 2013, it will be Capital One 360. They already have the website capitalone360.com that will take the place of ingdirect. ...

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See Rates for: Checking | Savings | Money Market | CD

Capital One Bank Checking Account Rates

ApyMinMaxProduct
1.00%-$100kHigh Yield Free Checking
0.20%$10k$250kClear Interest Business Checking

Capital One Bank Savings Account Rates

ApyMinMaxProduct
0.50%--Smart Savings

Capital One Bank Money Market Rates

ApyMinMaxProduct
0.27%$25k$500kSmall Business Clear Advantage Money Market

Capital One Bank CD Rates

ApyMinMaxProduct
0.75%$1k-5 Year CD
0.50%$1k-Small Business 5 Year Flex CD
0.45%$1k-4 Year CD
0.35%$1k-3 Year CD
0.20%$1k-18 Month CD
0.20%$1k-2 Year CD
0.20%$1k-Small Business 2 Year CD
0.15%$1k-1 Year CD
0.15%$1k-Small Business 1 Year CD
0.15%$1k-Small Business 18 Month CD
0.15%$1k-Small Business 18 Month Flex CD
0.15%$1k-Small Business 2 Year Flex CD
0.10%$1k-6 Month CD
0.10%$1k-Small Business 6 Month CD

Rates updated: 6/18/2013

Data for Q1 2013


Institution Statistics


Capital One, National Association
FDIC Certificate #4297
BankRate ReportView
Year Established1933
Employees24028
Primary RegulatorOCC

Assets and Liabilities

Assets$243.12 billion
Loans$135.31 billion
Deposits$190.46 billion
Equity Capital$35.44 billion
Loan Loss Allowance$1.64 billion
Unbacked Noncurrent Loans$2.31 billion
Real Estate Owned$197.25 million

Historic Data - March 2012

Assets$133.00 billion
Equity Capital$25.45 billion
Loan Loss Allowance$1.52 billion
Unbacked Noncurrent Loans$1.55 billion
Real Estate Owned$159.99 million

Profit Margin - Quarterly

Net Interest Margin4.33%
Return on Assets0.67%
Return on Equity4.6%
Interest Income$2.62 billion

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Capital One Bank had $2.51 billion in non-current loans and owned real-estate with $37.08 billion in equity and loan loss allowances on hand to cover it. This gives Capital One Bank a Texas Ratio of 6.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Capital One Bank held steady from 6.58% as of March 31, 2012 to 6.77% as of March 31, 2013, resulting in a negative change of 2.93%. This indicates that the balance sheet and financial strength for Capital One Bank has held steady in recent periods.
Deposit Growth5
In the past year, Capital One Bank has increased its total deposits by $88.46 billion, resulting in 86.72% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Capital One Bank has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Capital One Bank has $243.12 billion in assets with $37.08 billion in equity, resulting in a capitalization level of 15.25%, which is excellent.
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Capital One Has Been Great So Far
5 stars - DollarBills - Friday, October 19, 2012 - 1:35 PM

We made the switch last year from BOA (no interest), and took advantage of Capital One Bank's High Yield Checking Promo (guaranteed for 1yr). See Ken's lastest post;

http://www.depositaccounts.com/bl...rantee.htm

The account has been great, and has worked well for us this past year as our main acct for bills. It has paid 1% for almost the entire year (one dip over the summer). Free checks and free online transfers (3 days).

Opened at the near by local branch. No problems at all. Also opened a High Yield Costco/CapOne MM acct online, paying .70% (no longer available). No problems there also.

Branch CSR's are all very helpful and friendly. Talking to one of the CSR's the other day, they said that after our promo 1% interest ends next month, the rate will drop to .20 to .25%. Also told me that if we wanted to continue to get 1% interest on our checking, we could close down our current account and open a new one, for another year of 1%. That is how they can 'fool' the system for a 'new money' account. I don't think we'll do that though, because I don't feel like closing, opening, then closing again an account within a year. Not worth it. If we wanted to, we could also convert the account to one of the rewards acct's, but don't think we will do that either. >>>The CSR did imply that the High Yield Checking Promotion may be ending soon. <<<

Opened a Ally checking and savings acct to replace as our main accounts for now, but will keep the CapOne MM open for cash deposits convenience plus we have SD Box there. Just can't give up a brick & motar. The Costco .70% rate will end Dec. 31st and will dip to .60 to .65% the CSR said.

Over all though, positive experience with Capital One. Curious about what they will offer in the future for direct banking (ING). Guess will find out next year sometime.

D

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Checking Promo with a 12-Month Rate Guarantee
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Leave a Comment (10) »
Anonymous - August 27, 2012
https://www.palisadesfcu.org/bank/deposit-promotions

Palisades Federal Credit Union has a promotion where the entire balance of the checking account earns 1% for the first year.

The only catch is that to be a member you must live, work, go to school or worship in Rockland County, New York.

Anonymous - August 27, 2012
If you are an existing checking account customer, you don't get the higher rate offer after the account is converted.  The company is consolidating their account types and moving just about everyone to either rewards checking or free checking.

Anonymous - August 27, 2012
Correction to my previous post.  I meant high yield checking, not free checking.

Anonymous - August 28, 2012
i'm actually surprised the promotion is still going on...

some cap1 customers have had the 1% promo and it's almost up...I'm curious as to if cap1 will do anything once people start moving $$ out of the high yiel d checking once it falls to 0.40%

KenBDG - August 28, 2012
@Anonymous #1, thanks for the info on Palisades FCU. Unfortunately, the credit union wasn't consistent in the terms. The small print actually says "1.00% APY given on first $25,000 deposited". Since the front page says "on any balance", I called to see which was correct. Unfortunately, the CSR said it is limited to the first $25,000.

Anonymous - August 28, 2012
#6..... It is stories like yours and others I have read that make me very anxious about Capital One totally changing ING Direct. I do suspect that I will be closing all of my ING accounts as soon as Capital One really takes over. However, it has been a year now and they have left it alone so there is a glimer of hope there. It was my understanding that they only had a year of using the ING name. Maybe something has changed??

Anonymous - August 28, 2012
Stay away from Capital One.  They know what they are doing and they are hoping to trip you up at your expense.

They are not a clean operation to work with. They play in the shadows.

 

Anonymous - September 4, 2012
I also had a capital one free checking account and as soon as I heard about the account conversions I closed it and went to another bank making $150 on the way!!

Anonymous - January 27, 2013
Does the minimim $5,000 combined balance required to maintain the account include deposits at ING direct savings/electric checking 360 and Sharebuilder account balances?

Anonymous - April 26, 2013
Better off going with their 360 account. Better cash bonus, less fees, easier to earn 

https://home.capitalone360.com/referafriend?save=ZP2dn5yo1F