A certificate of deposit account, or CD account, is a type of bank account that allows you to save your money at a fixed interest rate for a pre-set amount of time, called a term. You choose this amount of time, which might be 6 months, a year or longer. When you’ve reached the end of your term we often say that your CD account has matured or reached maturity. Your maturity date is the last day of your term.
You have a few options for what to do with the money in your account to help prepare for your maturity date.
Options before your maturity date
Before your maturity date, you can select the maturity option you'd like:
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Allow your CD account to renew for the currently selected term.
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Renew to a different CD term.
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Transfer your funds to another Capital One or external linked account.
If you haven't selected a new maturity option by the time your 360 CD account matures, your account will automatically renew to the same CD term at the rate effective on your maturity date.
Options after your maturity date
You have 10 calendar days after your maturity date to close your CD without penalty or update your renewed CD to a different term length and interest rate. If you decide to close your CD account during this time, give us a call at 800-655-2265.
Any changes you make to your maturity options after your grace period ends will apply to your next maturity date.
Understanding your 360 CD grace period
The grace period is a 10 calendar day window where you can close your 360 CD account without penalty or update your renewed CD to a different term length and interest rate.
The 10-day window starts with your new term after you renew or roll-over a mature 360 CD account. During this time, you won’t be able to add money to your existing CD account, but you can open a new 360 CD account.
If you decide to close your account during the grace period, you can call 800-655-2265.
How to find your maturity date and make your maturity option
Your maturity date can be found in the maturity options tab in your account details for the duration of your CD and on your account listing page 35 days before your CD matures.
If you want to set up or change your maturity options, you can make this selection on your account page by selecting your account and selecting Maturity Options.
What do I do when my 360 CD account reaches maturity?
Before the maturity date, you can select the maturity option you'd like:
- Allow your CD account to renew for the currently selected term.
- Renew to a different CD term (6 to 60 months).
- Transfer your funds to another linked account.
You can make this selection on your account page.
If you haven't selected a new maturity option by the time your 360 CD account matures, your account will automatically renew to the same CD term at the rate effective on your maturity date.
You have 10 calendar days after your maturity date to close your CD without penalty. To do so, give us a call at 800-655-2265.
Any changes you make to these options on or after your maturity date will apply to your next maturity date.
Is there a grace period after my 360 CD account reaches maturity?
Yes, the grace period is a 10 calendar day window where you can close your 360 CD account without penalty or update your renewed CD to a different term length and interest rate.
The 10-day window starts with your new term after you renew or roll-over a mature 360 CD account. During this time, you won’t be able to add money. If you decide to close your account during the grace period, you can call 800-655-2265.
