Capital One Review: Checking, Savings and CDs

Our verdict

Capital One is a top 10 bank by assets, has around 300 branches and a large network of over 70,000 ATMs. Its personal banking options lack monthly maintenance fees, opening deposit requirements and overdraft fees. Its CDs also have no opening deposit requirements, whereas most banks of its size often require at least $1,000. It caters to kids as well, offering both a checking and savings account for kids with no monthly fees for either account. Overall, its accounts are affordable and accessible.

Best for: Those who want affordable online accounts with some branch access.

9.2 Excellent

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Capital One 360 Checking

An interest-bearing checking account with flexible overdraft options and international access.

• $0 monthly fees
• Large ATM network (70,000)
• Multiple overdraft protection options
• 0% foreign transaction fees
• Works with Zelle

Partner terms and conditions

Member FDIC

Incentive Details and Disclaimers: Current Promotion

Earn a $250 bonus with 360 Checking. Open a new account on or after August 22nd, 2024 using the promo code CHECKING250 then set up and receive at least 2 qualifying direct deposits of $500 or more within 75 days of account opening. Terms Apply.

Capital One in the news

Capital One has acquired Discover, which was completed on May 18, 2025. The two banks are now under the same company, Capital One, N.A.

Here are the main knows to know:

• You can no longer open new Discover banking products, as of January 2026.
• If you have both Discover and Capital One deposit accounts, they are now jointly insured. CDs with either bank will remain separately insured until their maturity date after November 18, 2025.
• You can no longer do credit card balance transfers between Discover and Capital One.

Is Capital One right for you?

If you’re comfortable with online banking and dislike monthly fees, Capital One is a solid choice. It may also be great for those who access ATMs daily, as Capital One has one of the largest free ATM networks in the US.

How Capital One stacks up

Capital One is well-known for its credit card offerings, loans and banking services and is mostly an online bank. It has a suite of high-interest CDs, savings, checking and business bank accounts, and many of its accounts lack monthly fees and feature competitive APYs.

It has nearly 300 branches in the US and more than 70,000 free ATMs in its network, which include Capital One, MoneyPass and Allpoint ATMs. There are also Capital One Cafés, which are mini branches where you can get coffee while you do some banking.

What we like

Capital One is a large bank with a variety of perks.

• Few fees and deposit requirements. Its accounts lack monthly maintenance fees, opening deposit requirements and overdraft fees.
• Large ATM network. You’ll have access to a large network of 70,000 free ATMs.
• Competitive APYs. The 360 Performance Savings features a 3% APY, and the CDs can sport rates as high as 4.00% on the 12-month term.
• Kids banking. Capital One offers MONEY Teen Checking, with no monthly fees or balance requirements for kids aged eight and up. There’s also the Kids Savings account with no age requirements or fees.
• Highly rated mobile app. For a bank that operates largely online, we’re pleased to see most customers are happy with their online banking experience.
• Interest-bearing checking. While minimal, both the 360 Checking and Teen Checking accounts earn 0.1% APY on all balances.

What could be better

Most of Capital One’s shortcomings have to do with the fact that it’s a mostly online bank.

• Few branches. Capital One is a hybrid bank, so compared to other brick-and-mortar banks of its size, such as Chase or PNC, it has significantly fewer branch locations.
• No 24/7 human support. While it offers 24/7 automated customer service with its digital assistance Eno, live customer support isn’t available at all times.

Capital One’s checking accounts

There are two checking accounts available. The traditional checking account, called the 360 Checking Account, and the MONEY Teen Checking account.

• 360 Checking. No monthly fees, no opening deposit and no overdraft fees. This account is interest-bearing, offering 0.1% APY on all balances. You can also open up to three 360 Checking accounts, but you only get one debit card. Each checking account is linked to the single debit card, and you can manage which account is linked to your card via the mobile app.
• Teen Checking. While “teen” is in the name, it’s also available to kids as young as eight years old. Parents will need to open the account on their kid’s behalf, and it has no monthly fees, opening deposit requirements and no overdraft fees. And just like the 360 Checking, it also earns 0.1% APY on all balances.

Capital One’s savings accounts

Capital One has two savings accounts, and it’s a very similar setup to its checking offerings. There’s the traditional savings account called Capital One 360 Performance Savings and a Kids Savings Account.

• 360 Performance Savings. With a 3% APY, no monthly fees and no minimum balance or opening deposit requirements, you can open up to 25 separate 360 Performance Savings accounts to organize your savings goals.
• Kids Savings Account. With no age requirements listed, this kids’ account offers 2.5% APY with no monthly fees, balance minimum requirements or opening deposit requirements. You can also create multiple Kids Savings accounts and link them to a parent’s account. Adults must open the account on the child’s behalf, and kids younger than 12 require a parent or legal guardian to be a joint owner.

While Capital One allows you to open multiple checking and savings accounts, FDIC insurance is up to $250,000 per depositor, and opening multiple Capital One accounts in your name won’t increase your FDIC insurance coverage.

Capital One CDs

There isn’t much to complain about with Capital One’s CD offerings. With no opening deposit requirements for any of its CDs, it’s much more accessible than other top banks, which often require $1,000 or more to open. One of the best options include the 12-month CD with a 4.00% APY.

Capital One doesn’t offer any no-penalty CDs, which would allow you to withdraw funds early before the maturity date with early withdrawal penalties.

Other Capital One products

Aside from its personal banking products, Capital One has many other services.

• Credit cards. Various Capital One credit cards to choose from, both for personal and business use.
• Business banking. Three business checking accounts to choose from: Basic Checking, Enhanced Checking and a custom account. The custom account can be specifically designed for your business, but you must talk to a Capital One representative to see if you’re eligible and to learn more.
• Auto loans. Used and new auto loans and refinancing options.
• Other lending options. Commercial business services, lines of credit, real estate term loans, SBA loans and more.

Compare with leading bank accounts

See how other checking, savings and CDs stack up. Compare fees, APYs and features, and for a closer look, tap the Compare box to compare accounts side by side.

• Checking
• Savings
• CDs

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5 of 15 results

Finder Score	Fee	Minimum deposit to open	Annual Percentage Yield (APY)
Promoted 9 Excellent SoFi Checking and Savings	9 Excellent	$0 per month	$0	Up to 3.10%	Earn up to 3.80% APY on savings and $50 or $400 with direct deposit. Open a new SoFi Checking and Savings account by 31 December 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 9.2 Excellent Capital One 360 Checking	9.2 Excellent	$0 per month	$0	0.10% on balances of $0.01+	Earn a $250 bonus with a 360 Checking Account. Terms apply.	Go to site View details Compare product selection Compare	loading
Promoted 8.4 Great Chase Secure Banking℠	8.4 Great	$4.95 per month (can be waived)	$0	N/A	New Chase checking customers enjoy a $175 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.2 Excellent Current	9.2 Excellent	$0 per month	$0	4.00% on balances of $0.01 to $2,000	Set up a direct deposit of $1,500 or more and earn a $75 bonus. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.6 Excellent Revolut	9.6 Excellent	From $0 per month	$0	5.50% on balances of $0+ 4.50% on balances of $0+ 4.00% on balances of $0+	Join Revolut and get $20. Make your first virtual or physical Revolut card payment to receive $20 credited to your Revolut account. T&Cs apply.	Go to site View details Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score crunches over 300 checking accounts from hundreds of financial institutions. It takes into account the product's monthly fees, overdraft fees, opening deposit, customer support options, ATM network and features — this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of checking accounts against what we consider is the best option: no monthly fees, no overdraft fees, a large ATM network of 50,000 or more, additional features outside of typical banking services, and the optional perk of earning interest. Accounts that are nearly free to maintain and use are scored the highest, while accounts with costly fees and few features are scored the lowest.

Read the full breakdown

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6 of 19 results

Finder Score	Account type	Annual Percentage Yield (APY)	FDIC or NCUA insured amount	Minimum balance to earn APY	Minimum deposit to open
Promoted 9.2 Excellent Public High-Yield Cash Account	9.2 Excellent	Cash management account	3.30%	Up to $250,000	$0	$0	Go to site View details Compare product selection Compare	loading
Promoted 9.4 Excellent Wealthfront Cash Account	9.4 Excellent	Cash management account	3.30%	Up to $8M FDIC insurance	$1	$1	New clients earn 3.95% APY. Boost your APY from 3.30% to 3.95% APY for 3 months when you open and fund a Cash Account. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 8.8 Great Cash App Savings	8.8 Great	Savings app	Up to 3.25%	Up to $250,000	$0	$1	Go to site View details Compare product selection Compare	loading
9.2 Excellent SoFi Checking and Savings	9.2 Excellent	Traditional savings,Checking	Up to 3.10%	Up to $250,000	$0	$0	Earn up to 3.80% APY on savings and $50 or $400 with direct deposit. Open a new SoFi Checking and Savings account by 31 December 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.7 Excellent Live Oak Bank through Raisin	9.7 Excellent	Traditional savings	4.00%	Up to $250,000	$0.01	$0	Up to $1200 with code SUMMER26. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Not scored yet Robinhood Banking	Not scored yet	Cash management account	3.50%	up to $2.5 million	$0	$0	Go to site View details Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.

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6 of 7 results

Finder Score	6-month APY	1-year APY	5-year APY	Minimum deposit to open
9.4 Excellent Patriot Bank 3M CD	9.4 Excellent	N/A	N/A	N/A	$1	Up to $1200 with code "SUMMER26". T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.6 Excellent Alliant Credit Union Certificates	9.6 Excellent	3.60%	3.75%	3.65%	$1,000	Go to site View details Compare product selection Compare	loading
10 Excellent Quontic Bank CDs	10 Excellent	3.50%	3.50%	2.75%	$500	Go to site View details Compare product selection Compare	loading
10 Excellent Valley Direct Online CD	10 Excellent	N/A	3.65%	N/A	$500	Go to site View details Compare product selection Compare	loading
9.6 Excellent Bask Bank CDs	9.6 Excellent	3.85%	3.75%	N/A	$1,000	Go to site View details Compare product selection Compare	loading
7 Great CIT Bank Term CDs	7 Great	3.75%	0.30%	0.50%	$1,000	Go to site View details Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score analyzes hundreds of CDs from more than 100 institutions. It takes into account the product's interest rate for available terms and opening deposit requirements - this gives you a simple score out of 10.

Different banks and credit unions offer CDs for various lengths of time, ranging from as short as seven days to as long as 20 years. For our ratings, we consider the term lengths that the FDIC uses in its monthly updates on national rates.

If a bank or credit union doesn’t offer a CD for a specific term used by the FDIC, we don’t penalize it: Instead, we simply don’t rate it. Each of the standard term lengths has its own APY rating based on the FDIC’s average rates.

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Customer service experience

Capital One is a long-standing bank with decades of experience. It holds an A+ rating with the Better Business Bureau (BBB) and has been accredited by the BBB since the 90s. Holding an A+ rating with all of those complaints is challenging, but Capital One makes a marked effort to resolve issues.

The majority of customer complaints have to do with various credit cards, attempts to resolve fraudulent charges on credit cards, disputing late fees or problems accessing account information or receiving statements. Overall, complaints are typical for banks of its size. Negative reviews on Trustpilot are in a similar vein to its BBB profile.

On Reddit, feedback is more on the positive side. Many current and past customers state they’ve banked with Capital One for years with no issues. They mention that they like the free checking account, the kids’ banking options and the immediate payout for cashback rewards on its credit cards. However, a few note that Capital One is a little stingy in terms of credit card limits, often offering very low credit limits when you first get approved.

Capital One’s mobile banking app is highly rated, sporting an impressive 4.8 stars on the App Store and 4.5 stars on Google Play out of millions of customer ratings. Reviews say the app works well and is easy to use, and report it’s easy to keep track of their accounts and credit cards.

Frequently asked questions

• Does Capital One have a money market account?

  No, it doesn't. The Capital One 360 Money Market account is discontinued. The main savings product offered by Capital One is now the 360 Performance Savings account.

• Does Capital One have a downside?

  Cap One's biggest downside is the limited branch locations in the states, as it functions as an online bank (for the most part). So if you prefer in-person support, or the ability to make cash deposits at branch locations, Capital One might not be the best bank for you.

Written by

Bethany Hickey

Banking editor

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

Bethany's expertise

Bethany has written 457 Finder guides across topics including:

• Personal finance
• Banking
• Auto loans
• Insurance
• Cryptocurrency and NFTs