Capital One Direct – Rewards Money Market
Minimum deposit to open:
$2500
Product Info:
- Free online transfers to and from existing non-Capital One accounts
- Checks
- ATM card
- 1 mile for every $20 of average blaance for the month
- No fees
- The number of miles required for travel redemption will depend on the cost of the itinerary you choose at the time of redemption
- The mileage requirement is as follows:
- 15,000 miles are required for tickets up to $150.00
- 35,000 miles are required for tickets from $150.01 up to $350.00;
- 60,000 miles are required for tickets from $350.01 up to $600.00.
- For tickets over $600.00 in value, the required number of miles will be determined by multiplying the cost of the ticket by 100 (ex. $768 ticket requires 76,800 miles)
- The number of miles required to redeem for non-air travel redemptions will vary by rewards product and are subject to change at any time without notice
- Once enrolled, you can visit www.capitalone.com/nohasslerewards to register the account and to see a complete description of current redemption offer
To find out more, visit
Capital One Direct's website.
Current Rates
| Min Deposit | Max Deposit | APY |
| $1 | $4,999 | 1.10 % |
| $5,000 | $9,999 | 1.10 % |
| $10,000 | $24,999 | 1.10 % |
| $25,000 | $49,999 | 1.10 % |
| $50,000 | $99,999 | 1.10 % |
| $100,000 | $100,000 | 1.10 % |