![]() If the interest disbursement transfer to another Capital One or to an external linked account fails, then the interest will remain on the CD account. You may choose to receive interest payments: a) by transfer to another Capital One account, b) by transfer to an external linked account, or c) by crediting the interest to the certificate of deposit account. ![]() We will not provide advance notice of these varying amounts. Payment of interest: Your interest payments may vary, by no more than 12%, depending on the number of days in the month in which the interest is calculated. Withdrawal of the full account balance is permitted at maturity and during the grace period. Withdrawals: We will not permit partial withdrawals of principal during the term of the account. If you complete this process and fund your CD within 10 calendar days of your application date, and the interest rate offered for your term has increased during that time, we will apply to your CD the highest interest rate offered during that time.Ĭompounding and crediting: Interest on your account will be compounded and credited on a monthly basis. Your CD account won’t be considered opened until you have confirmed ownership of the external account and we receive your deposit. Rate lock guarantee: If you fund your CD account by linking it to a new external account, that funding process may take a few days because you will need to confirm ownership of your external account. Your maturity notice includes instructions on how to learn about current rates closer to your maturity date for renewal purposes. The APY assumes that interest will remain on deposit until maturity. Rate information and interest: The above stated interest rate and APY will remain fixed until the maturity date.
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