The Capital One 360 CD rates are just as competitive as the savings account rates. No minimum deposit is needed to open a CD with Capital One. It offers certificates of deposit, and savings accounts for kids.Ĭapital One 360 CDs come with nine possible terms ranging from six months to 60 months. Other Capital One 360 Savings Optionsīesides its 360 Performance Savings Account, Capital One 360 has a couple of other ways to save.

The bank is also fee-friendly, making it easier for savers to hold on to more of their interest earnings. While there are a few outliers offering higher rates than Capital One, it’s near the top of the pile overall. Other BanksĬapital One, America’s 9th largest bank by deposits, is a standout among major banks in terms of the interest you can earn on savings.Ĭapital One is a big name in online banking, but how does the 360 Performance Savings Account measure up to the best savings accounts from banks that operate strictly online? They typically offer more generous rates because they have lower costs than banks with brick-and-mortar locations. A savings account earning a mere 0.01% APY-which is not uncommon-would earn just $1 over a decade. You’ll earn quite a bit more in interest over a 10-year period with a Capital One 360 Performance Savings Account compared to an account at many other big banks. Plug in your initial deposit, monthly contribution and the 4.25% APY to see how much you could earn over a specific number of months or years. Use the below calculator to see how money much you stand to earn.

How Much Can You Earn?īefore opening a savings account, you’ll want to know how much interest you could earn over time. But if you do have checking and savings, you can link them together for easy and even automated savings transfers to help build your balance.Ĭapital One encourages savers to open multiple 360 Performance Savings Accounts, for different financial goals. You’re not required to have a Capital One checking account to open a Performance Savings Account. You will pay $30 for outgoing wire transfers, and there’s a $10 fee if you purchase a cashier’s check using your savings account balance. Capital One uses a daily balance method to calculate interest. Interest is compounded and credited on a monthly basis. That means you still get the same relatively high rate whether you save a little or save a lot in your account. While some banks have tiered savings rates, based on your balance, Capital One applies the same 4.25% APY to all balances. No minimum deposit is needed to open an account. The account can be opened online, through the Capital One mobile app, or at a Capital One branch or cafe. The Capital One 360 Performance Savings Account is considered a high-yield savings account because of its attractive rates. Though it operates hundreds of brick-and-mortar branches and cafes, Capital One’s savings rates are comparable to the higher rates paid by online-only banks. Overview of Capital One Savings Interest Rates

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