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  Capital Bank Money Market Account
Capital Bank Money Market Account
in Money Market Accounts from Capital Bank · Member FDIC
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Capital Bank Money Market Account

Unaffiliated
in Money Market Accounts from Capital Bank · Member FDIC
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Highlights
APY (Annual Percentage Yield) 0.02% - 0.03%
(Verified 08/04/2023)
Minimum Balance to Earn APY $1,000
Minimum Opening Deposit Starting at $1,000

Capital Bank Money Market Account Review

Capital Bank Money Market Account is offered by Capital Bank, a bank founded in 1995 and based in Albany, NY. Capital Bank Money Market Account are available in 2 states across the USA.

Key Takeaways

  • Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.03.
  • $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.

Pros & Cons of Capital Bank Money Market Account

Pros Cons
  • Does not offer mobile check deposits.
  • Access to physical branches.
  • No signup bonus.
  • Does not provide a debit card.
  • Only available in 2 states.

Capital Bank Money Market Account FAQ

Are money market accounts from Capital Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #597). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Capital Bank Money Market Account rates?

Capital Bank Money Market Account offers an APY starting at 0.02% and ranging up to 0.03% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.

Capital Bank Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.02% - 0.03%

What are the fees for Capital Bank Money Market Account?

Capital Bank Money Market Account does not charge a monthly maintenance fee.

Capital Bank Money Market Account Fees
Fees Amount
Monthly Fee N/A
Paper Statement Fee N/A

What is the minimum balance for Capital Bank Money Market Account?

Minimum deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does Capital Bank Money Market Account offer?

This account includes the following features:

  • Check Writing - Capital Bank Money Market Account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
  • Fraud monitoring - Capital Bank monitors transactions for potentially fraudulent activity.

What is the customer service phone number?

The customer service number for this account is (800) 836-3711.

What is the support contact email?

The support contact email for this business credit card is contactgroup@chemungcanal.com.

How to open an account with Capital Bank

  • Visit the Capital Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Other Money Market Accounts by Capital Bank

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Availability

  Available in 2 states
  • New York
  • Pennsylvania

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Balance to Earn APY $1,000
Minimum Opening Deposit Starting at $1,000
Account Features
  • Interest Bearing Account
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.02% - 0.03%
(Verified 08/04/2023)
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Daily

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