Capital One Bank and Hey Cupcake! Offer Austin Residents Five Times More This Mother's Day with Cupcakes and the Launch of High Interest Free Checking

MCLEAN, Va., May 5, 2011 /PRNewswire/ -- Recognizing that customers appreciate both a high return and convenient banking experience, Capital One Bank (www.capitalonebank.com) is celebrating the launch of its High Interest Free Checking account with a buy-one-get-five offer at select Hey Cupcake! locations. Austin residents can take interest in Mom this Mother's Day and share five times the treats, plus earn five times more interest than the national average with High Interest Free Checking at Capital One Bank.

"Consumers are looking to get the most out of their hard-earned dollars. At Capital One Bank, we strive to offer a high earn rate, along with the convenience of opening an account online or at a branch," said Laura Mathieu, Capital One Bank Austin Market President. "What better way to bring this value to life for the Austin community than with five times the cupcakes from a local favorite."

Area residents can show Mom extra love by purchasing one and receiving four free cupcakes at the following Hey Cupcake! truck locations from 11:30 a.m. to 1:30 p.m., May 5-7:

• May 5 and May 6, Capital One Bank Tech Ridge branch (221 East Parmer Lane) and downtown at the intersection of West 3^rd Street and Lavaca Street
• May 7, The Domain (11410 Century Oaks Terrace)

Hey Cupcake! will share updates* throughout the promotion via Twitter: @HeyCupcakeATX. The cupcake deal does not require having or opening a Capital One Bank account.

With Capital One Bank's High Interest Free Checking (www.capitalonebank.com/highinterest), customers earn interest that is five times the national average on their checking account balance – guaranteed for one year. Additional product benefits include free ATMs everywhere, no monthly service fee and no minimum monthly balance required.

Features of High Interest Free Checking include:

• Free checking with no monthly service fee and no minimum balance required
• Free ATMS everywhere – at Capital One Bank and other banks, worldwide
• ATM fees assessed by other banks will be reimbursed up to $20 per month
• Open account online or visit a Capital One Bank branch
• Minimum opening deposit requirement of $500
• First order of checks are free
• Available in Austin, Texas, for new consumer accounts only
• Deposits are insured up to full FDIC limits ($250,000)

For more information about High Interest Free Checking, or any of the Capital One Bank products, visit www.capitalonebank.com. Rates are subject to change.

* Cupcakes available May 5-7 from 11:30 a.m. to 1:30 p.m. daily, while supplies last

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A. and Capital One Bank (USA), N.A., had $125.4 billion in deposits and $199.3 billion in total assets outstanding as of March 31, 2011. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. has approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

Capital One Bank offers great rates on a variety of savings accounts, checking accounts, money market accounts and certificates of deposit. Customers enjoy convenient and secure access to their accounts and our service representatives via online, phone or by visiting a bank branch.

SOURCE Capital One Bank