• Lock in a great CD rate for your business capital If your business has money just sitting around, put it to work with a Capital One 360 Business Certificate of Deposit. Our high rates are available to the following types of businesses: • Sole Proprietorships • Partnerships • Limited Liability Companies (LLCs) • Corporations • Not-for-profits (such as a charity) and small organizations (such as a homeowners’ association). • Avoid market risk with a guaranteed return A Business CD guarantees you a high yield with a predictable return. That’s good news for any business. • Business-friendly features Our Business CDs are here to help move you forward, not hold you back. We provide account access for up to three authorized individuals. • Many choices – One successful business It’s all about your business, and making it the best it can be. That’s why we offer a variety of CD terms to fit your business goals. • Guaranteed returns delivered online Your Business CD is electronically “linked” to an existing business checking account. When you open a CD, the amount you specify will be transferred from this business checking account. You will always be able to keep an eye on your CD online simply by visiting business.capitalone360. com and clicking on ‘View my Account.’ • Auto rollover for bigger business earnings When they mature, all Business CDs roll over automatically for the same term, unless you specify otherwise. The ‘Account Maintenance’ section of your CD account gives you complete control over these options. • FDIC-insured Your CD deposits at Capital One 360 are FDIC-insured up to $250,000 per depositor (keep in mind that the FDIC treats deposits owned by a sole proprietorship and by the individual associated with it as being owned by the same person). For all other Business Entities such as Non Profit, Corporations, LLC, and Partnerships the FDIC insurance is $250,000 per Business. Capital One 360 is registered with the FDIC under the name Capital One, N.A. You can learn more at www.fdic.gov. Business CD Check out capitalone360.com for more information. ®
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• Lock in a great CD rate for your business capitalIf your business has money just sitting around, put it to work with a Capital One 360 BusinessCertificate of Deposit. Our high rates are available to the following types of businesses:
• Sole Proprietorships• Partnerships• Limited Liability Companies (LLCs)• Corporations• Not-for-profits (such as a charity) and small organizations (such as a homeowners’ association).
• Avoid market risk with a guaranteed returnA Business CD guarantees you a high yield with a predictable return. That’s good news for anybusiness.
• Business-friendly featuresOur Business CDs are here to help move you forward, not hold you back. We provide accountaccess for up to three authorized individuals.
• Many choices – One successful businessIt’s all about your business, and making it the best it can be. That’s why we offer a variety of CDterms to fit your business goals.
• Guaranteed returns delivered onlineYour Business CD is electronically “linked” to an existing business checking account. When youopen a CD, the amount you specify will be transferred from this business checking account. Youwill always be able to keep an eye on your CD online simply by visiting business.capitalone360.com and clicking on ‘View my Account.’
• Auto rollover for bigger business earningsWhen they mature, all Business CDs roll over automatically for the same term, unless you specifyotherwise. The ‘Account Maintenance’ section of your CD account gives you complete control overthese options.
• FDIC-insuredYour CD deposits at Capital One 360 are FDIC-insured up to $250,000 per depositor (keep in mindthat the FDIC treats deposits owned by a sole proprietorship and by the individual associated with itas being owned by the same person). For all other Business Entities such as Non Profit, Corporations,LLC, and Partnerships the FDIC insurance is $250,000 per Business. Capital One 360 is registeredwith the FDIC under the name Capital One, N.A. You can learn more at www.fdic.gov.
Business CD
Check out capitalone360.com for more information. ®
How is interest calculated on a Business Certificate of Deposit?Interest on your Business CD is accrued daily and compounded monthly.
Is there a penalty for early withdrawal?As with any CD, there is a penalty for withdrawal prior to the maturity date. The early withdrawal penalty for a Business CD with a term that is 12 months or less is three (3) months of interest regardless of when, prior to maturity, you make a withdrawal. The early withdrawal penalty for a Business CD with a term that is longer than 12 months is six (6) months of interest regardless of when, prior to maturity, you make a withdrawal.
Depending on how early you redeem a Business CD, the resulting penalty may be greater than the interest that has been earned on the deposit.
Is the account insured? Your CD deposits at Capital One 360 are FDIC-insured up to $250,000 per depositor (keep in mind that the FDIC treats deposits owned by a sole proprietorship and by the individual associated with it as being owned by the same person). For all other Business Entities such as Non Profit, Corporations, LLC, and Partnerships the FDIC insurance is $250,000 per Business. Capital One 360 is registered with the FDIC under the name Capital One, N.A. You can learn more at www.fdic.gov.
What is a CD Ladder? A CD ladder helps you earn an even higher return on your savings. A ladder consists of multiple, sequential CDs all opened at the same time. Each “rung of your ladder” represents a different CD term and your ladder can contain as few or as many rungs as you like. For example, a ladder could consist of 12-, 24-, 36-, 48- and 60-month CDs. For a less aggressive CD ladder you can choose shorter terms – for example, a 6-, 12-, 18-, 24- and 30-month ladder, which keeps your money where you need it, when you need it.
Let’s say you have $10,000 to invest and want to start a 5-rung, annual ladder (12-, 24-, 36-, 48- and 60-month CDs). You could invest $2,000 in each term. As each CD matures, re-invest the principal and interest into the longest term on your CD Ladder (in this case a 60-month CD). With this scenario, a portion of your money will be earning the higher rate of a longer-term CD and you will always have at least $2,000 becoming available each year should you need access to your money. Just imagine in a couple of years you’ll be earning the interest rate of a 60-month CD on all of your CDs, yet a portion of your money is always within a year of maturing!
All Business CDs default to roll over automatically for the same term. To optimize and extend the life of your CD ladder, simply change the maturity instructions for each Business CD to roll over to the longest term of your CD ladder, for example, the 60-month. You can do this any time prior to maturity by logging into your account, clicking on the ‘Account Maintenance’ icon in your CD account and changing the ‘Account Maturity’ options.
Check out capitalone360.com for more information. ®
Can I receive interest disbursements from my Business Certificate of Deposit? Yes. You can choose to receive interest disbursements on a monthly or yearly basis (on the anniversary date of the account opening). Interest disbursements can be sent to either a Business Savings Account or a verified external account. The ability to select or deselect interest disbursement is only presented for 20 days from account opening. Once selected, you can change the account to which interest is disbursed at any time.
Opening an account
Do I have to change banks? No. In fact to have a Business CD account you must have a business checking account with another institution. We then link this business checking account to your Business account. You can check your CD status online at business.capitalone360.com or by calling a Capital One 360 Associate.
What type of documents do I need to open a Business CD account? To open a Business CD Account, you will need to provide us with certain documentation to verify your business entity. Choose your business type from the chart on the ‘Open a Business CD’ section of this site. These documents should be faxed to Capital One 360 at the fax number provided during the application process. Please note that you will need to mail a check with the Business Name preprinted.
How do I open a Business CD? Opening a Business CD is quick, easy and convenient. Simply visit the Open a Business CD Account link and follow the instructions to open online.
How do I know when my Business CD is open?When you apply online, the final page of the application will confirm your Customer Number and Account Number.
Can I add money to my CD once it has been opened? While you can’t add money to an existing CD, you can open additional CDs at any time. You also have the opportunity to add money to your CD (if you choose) when you renew it at maturity.
Once your CD matures
Will Capital One 360 remind me of the maturity date on my Business CD? Absolutely. We will send you a notice prior to maturity. Then, as owner of the CD, you must contact an Capital One 360 Sales Associate at 1-877-464-1777 between 8 AM and 8 PM, or sign in to your account and give instructions to either renew the CD at the current rate or transfer the maturity value to a Business Savings Account. If instructions are not provided, the CD (including accrued interest) will automatically be renewed at the current rate.
Check out capitalone360.com for more information. ®
Upon maturity of my Business CD, how long will it take for money to appear in my linked business checking account? Transactions to transfer money from your Business CD into your linked business checking account are usually completed within 2–3 bank-business days.
What if I provide Capital One 360 with maturity instructions after the Certificate of Deposit maturity date? Your Business CD (including accrued interest) will automatically renew at the current rate. However, you may still redeem your certificate, or change the amount or term, within 10 calendar days from the maturity date without penalty.
Banking with Capital One 360
How do you keep my business information and account secure? We take your security and privacy very seriously and always go the extra step to protect your information and your money. Our industry-leading technology and software protects all of our banking systems, with features in place to verify your identity and ensure that all requests related to your account come directly from you or another authorized signer.
Protecting business accounts is extremely important to us. Transfers from your Capital One 360 account can only be made to your linked business checking account. You may authorize up to two additional people associated with your business to access your Business account – no one else can access your account without an authorized Customer Number, Login Password/PIN and other personal information. Visit our Privacy and Security page to learn more.
How do I get or change my Login Password/PIN? You will choose your Login Password/PIN during the application. If you have forgotten your Login Password/PIN you can also call an Capital One 360 Associate at 1-877-464-1777 between 8 AM and 8 PM to request a new Login Password/PIN be mailed.
If you would like to change your Login Password/PIN, simply make the change online by signing on to your account and clicking on the ‘My Info’ tab. An Associate can also make the change for you. Just choose any four-digit number that will be easy for you to remember.
How do I sign in to view my Business account? To sign in to your account information you’ll need the unique Customer Number that you received when you opened your account, as well as your Login Password/PIN and one additional piece of information. If you opened a business account with more than one authorized signer, both you and the other authorized signer(s) will have your own unique Customer Numbers. Although you can all access the business account, which has one account number, you still each receive your own unique Customer Numbers. You will set up your Login Password/PIN when opening the account. If you already have a Capital One 360 personal account your current Login Password/PIN will also be used to sign in to your business account.
Check out capitalone360.com for more information. ®
The enrollment process is easy and will take a minute or two. And you will only have to do this once. To make your sign-in experience even easier, you can “register” your computer with us, so that the next time you sign in from that computer, we will recognize you.
After a number of unsuccessful sign-in attempts, your account will be locked and you will need to call a Capital One 360 Associate for assistance at 1-877-464-1777 between 8 AM and 8 PM.
Reminder: Make sure that you use your individual Customer Number when signing in.
Will I have two Customer Numbers and Login Password/PINs if I also have personal accounts? No, you will have one Customer Number and Login Password/PIN. You can access your personal and business accounts separately via our website.
About linked accounts
What is a “linked” account?Capital One 360 business accounts are linked to an existing business account, making it easy for you or the other authorized signers to transfer money. We electronically link your Capital One 360 business savings account to your business checking account. Business Customers may have one linked account.
To move your money, simply request a transaction between your Business Account and your linked business checking account by using this website or by calling a Capital One 360 Associate.
How is the linked account verified?In addition to faxing or email in a voided check from the external business checking account, one of the authorized signers will need to verify ownership of the link used to fund your Business Account by following these steps:
1 Verify 2 small amounts (you may see one or two small deposits – each less than $1.00) that we
will deposit into your business checking account.2 Review the activity in the external business checking account to determine the small amount(s)
deposited. 3 Once you or any of the authorized signers have the amount(s), go to business.capitalone360.com
and click on ‘View My Account.’ 4 Sign in using your Customer Number and Password/PIN, select the ‘My Accounts’ tab, then click on the
‘My Links’ icon and enter the amount(s).
Please Note: Your initial deposit will be withdrawn from the linked business checking account even if the linked business checking account has not been verified.
How do I change a linked account? To change a linked account:
• Mail in a business check in the name of your business made payable to the business for at least$1.00 from the new external account link.
• Include the word “Link,” followed by your Business Reference Number on the Memo line of yourcheck, and make sure you sign it.
• Complete the Change of External Link form.• Mail your business check and the Change of External Link form to:
Capital One 360P.O. Box 60St. Cloud, MN 56302-0060
Keep the following in mind:
• The account you would like to link must be a business checking account in the name of yourbusiness. We do not accept voided checks (see important note below if you don’t have a BusinessSavings Account), starter checks (checks without your business information printed in the upperleft corner), checks from a bill payment service, cashier’s checks, bank drafts, third-partychecks, or money orders. Many checks from brokerage or investment firms have the words“Payable through” written on them and cannot be used to create a link. IMPORTANT NOTE:Customers who do not have a Business Savings Account must use a voided check for $0.00.
• The name on the business check must match the name on your Capital One 360 account.Otherwise, we can’t confirm that it’s your account and will not be able to change it as yourlinked account.
• For your protection, we’ll place a temporary restriction on transfers to your new linked accountfor 5 business days. This is a security measure to protect your money.
My business checking account bank was recently bought by another bank. Do I need to update my link information?
In most cases, all you need to do is make a transfer and your bank will notify us of the change. Then we’ll change the bank name, account and/or routing numbers of your linked account for you. This usually occurs within about a week of the transfer.
