Capital Bank Money Market Account

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 is 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

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.

What are the fees for Capital Bank Money Market Account?

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

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 business card 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.