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Compare Capital One banking products: Savings, Checking, and CDs

Reach your financial goals with the help of high interest rates and savings programs.

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Capital One
With so many banks to choose from, it can be daunting to decide where to stash your hard-earned cash. With two entities under its umbrella — Capital One and Capital One 360 — the bank appeals to business and personal customers alike. It has a suite of high-interest CDs, savings and checking accounts for short-term savings goals or preparing for the future — all with online tools to make it easy to manage your money anytime, anywhere.

What banking products does Capital One offer?

Capital One offers checking and savings accounts for personal and business banking. It’s 360 products are all completely online.

Personal Savings accounts

  • 360 Savings. This free online savings account rewards growing balances with a 0.4% APY. It’s free to open and maintain the account, with no minimum balance — and everything is done completely online.
  • 360 IRA Savings. Build a nest egg for retirement with a traditional or Roth IRA savings account. You’ll earn interest at 0.60% APY with no monthly fees or minimum balance.
  • Kids Savings Account. Introduce kids to banking with this no-fee savings account. It comes with online and mobile banking access as well as parental controls. It has a 0.3% interest rate and no required minimum balance.

Personal checking accounts

Personal CDs

  • 360 CD. Stash your savings and lock in a set-it-and-forget-it interest rate with CDs ranging from six to 60 months. The competitive rates start at 0.2% and go up to 0.2% APY. Since they’re under the 360 umbrella, the CDs are online only.
  • 360 IRA CD. Designed to help customers prepare for retirement, these traditional and Roth IRA CDs range from six to 60 months. Interest rates are locked in and span from 0.6% to 2% APY.

Business banking

Savings accounts
  • Business Advantage Savings. With a $250 opening deposit, you’ll enjoy a promotional interest rate of 1.70% APY for 12 months. Its $3 monthly service fee is waived if you maintain a $300 minimum balance.
Checking accounts
  • Spark Business Basic Checking. Manage your cash flow with the help of unlimited transactions and free overdraft protection. Waive the $15 monthly service fee if you maintain a $2,000 average account balance over 30 or 90 days, depending on which is higher.
  • Spark Business Unlimited Checking. This account is all about flexibility. Along with unlimited transactions, it offers fee-free cash deposits and five free domestic wires each month. The $35 monthly service fee can be waived if you maintain an average account balance of $25,000 every 30 or 90 days.
CDs
  • Small Business CDs. For long-term, low-risk savings, consider opening a CD. Terms range from one to five years with fixed and variable rates available. The minimum opening deposit is $1,000.

Compare Capital One accounts

Click through the tabs to compare Capital One savings and checking accounts and CDs. Sort each table by minimum deposit to open, APY and more to find the right one for you.

Name Product Annual percentage yield (APY) Fee Minimum deposit to open
Capital One 360 Performance Savings
Finder Rating: 4.6 / 5: ★★★★★
 Capital One 360 Performance Savings
0.40%
$0
$0
A fee-free online savings account with a great rate for any savings balance.
Capital One Kids Savings Account
Finder Rating: 4.7 / 5: ★★★★★
Capital One Kids Savings Account
0.30%
$0
$0
Kids Savings Accounts are fee-free and don’t require a minimum balance.
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Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
Capital One 360 CD
0.2%
0.25%
0.25%
0.3%
0.4%
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Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Capital One 360 Checking
Finder Rating: 4.2 / 5: ★★★★★
Capital One 360 Checking
0.10%
$0
39,000+ Capital One and Allpoint ATMs nationwide
$0
A fee-free online checking account you can use anytime, anywhere.
Capital One Money
Finder Rating: 4.4 / 5: ★★★★★
Capital One Money
0.10%
$0
39,000+ Capital One and Allpoint ATMs nationwide
A teen checking account with zero fees.
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How does Capital One compare to other banks and services?

With nearly $303 billion of deposits in its vaults, Capital One is the sixth largest bank in the US. It’s financially strong and only trails behind banking heavyweights like Bank of America and JP Morgan Chase, Wells Fargo and Citigroup. This is a testament to the bank’s online prowess. While it has 605 physical offices across the country, the top three banks have more than 4,400.

Thanks to its stability, suite of products and tech-savvy tools, Capital One appeals to savers of all ages and business banking customers.

Checking accounts

Pros

  • No monthly fee for personal accounts. There are no fees or minimum balance requirements for personal Capital One checking accounts.
  • Early direct deposits. Capital One is among the few brick-and-mortar banks to offer access to direct deposit paychecks up to two days early.
  • Flexible overdraft options. You have multiple ways to protect yourself from overspending. Chose to automatically decline transactions that’ll cause you to overdraw your account, transfer funds from your savings, or enroll in its programs designed to protect you from overdrafts — Next Day Grace or Overdraft Loan of Credit.

Cons

  • Steep overdraft fees. If you’re enrolled in Next Day Grace, you have 24 hours to replace the money before the bank charges you $35 per transaction.
  • Monthly fees for business accounts. Fees range from $15 to $35 a month. But you can waive them if you meet a minimum balance.

Savings accounts

Pros

  • High APYs. Earn 0.4% APY with the 360 Performance Savings account and 0.3% with Kids Savings — both of which are higher than the national average. Check how much interest you could earn before making a decision.
  • Sophisticated savings tools. Capital One helps you get into the habit of saving with the Automatic Savings Plan and allows you to track your progress with My Savings Goals. You can even open up to 25 savings accounts.

Cons

  • ATM fees. If you’re dipping into your Business Savings account, you’ll pay up to $5 to use non-Capital One ATMs.
  • Cap on transactions. Like other savings accounts at other banks you have a six monthly transaction limit. But Capital One may be temporarily waiving this policy due to the coronavirus, so contact the bank to be sure.

CDs

Pros

  • High APYs for long-term CDs. Choose a CD with at least a 12-month term and you’ll earn 0.4% to 0.2% APY.
  • IRA CD options. Retirement savers can open a traditional or Roth IRA CD and earn anywhere from 0.60% to 2% APY.

Cons

  • Average APYs for short-term CDs. If you choose a six or eight-month CD, the APY tops out at 0.2%, which is lower than a traditional savings account.
  • No partial withdraw. If you need to access your money before it matures, you must withdraw the full balance and pay a penalty equal to three to six months of interest depending on the CD’s term.

Overall banking

Pros

  • No minimum balance required. It’s free and easy to open a personal savings or checking account online, and you don’t need to maintain a minimum balance to earn interest.
  • Extensive ATM network. You can use 39,000 Capital One and Allpoint ATMs across the country for free. You’ll find those in select Target, Walgreens, CVS and convenience stores.
  • Top-rated mobile app. Use the app to check your balance, transfer money, pay bills, manage multiple accounts and deposit checks. Plus, send money to just about anyone using the app’s Zelle feature.
  • Complimentary access to CreditWise. Whether you have an account with Capital One or not, you can monitor your credit score for free and learn how to improve it.

Cons

  • Limited branch access. Capital One is proudly modern, and that means you won’t find a bank branch on every corner. Also, beware that any accounts under the 360 brand are online only.
  • Expensive outbound wires. The bank charges up to $40 to process outbound wires. You’ll also need to fill out a Wire Request Form.

Compare Capital One to the competition

    Capital One Bank reviews and complaints

    Capital One is accredited with the Better Business Bureau (BBB) and boasts an A+ rating for its customer service and interaction. While the BBB registered nearly 5,000 complaints over the past three years, the bank addressed and solved all of them.

    Customer forums echo this. While there are a series of complaints on Trustpilot and the Consumer Financial Protection Bureau (CFPB) website, Capital One appears to close them in a timely manner. Most complaints hone in on issues with overdrafts, deposits and withdrawals. On the flipside, customers appreciate how simple it is to save and manage their money thanks to tech-savvy banking tools.

    The Federal Financial Institutions Examination Council (FFEIC) gives Capital One a satisfactory CRA rating.

    A Fortune 500 company, the bank is insured by the FDIC and reinforces security with debit card locks, online fraud reporting and alerts for suspicious transactions. To log in to your online or mobile banking account, you can use your fingerprint or set up a custom pattern with SureSwipe.

    Capital One customer service

    For account support, contact customer service in the following ways:

    • Live chat. Sign into your account for real-time help during business hours.
    • Phone. To speak to an associate, dial 800-289-1992 between 8 a.m. and 8 p.m., seven days a week.
    • Interactive Phone Service. Call 888-464-7868 and follow the prompts. This service is available 24/7.

    Compare Capital One to the competition

    Name Product Annual percentage yield (APY) Fee Minimum deposit to open
    Aspiration Spend & Save Account
    Finder Rating: 3.8 / 5: ★★★★★
    Aspiration Spend & Save Account

    1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month
    $0 per month or $15 per month for Aspiration Plus ($12.50 per month if you pay annually)
    $10
    Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
    Axos Bank High Yield Savings
    Finder Rating: 4 / 5: ★★★★★
    Axos Bank High Yield Savings

    0.61% on $0 to $24,999
    0.25% on $25,000 to $99,999
    0.15% on $100,000+
    $0
    $250
    No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
    Chime Savings
    Finder Rating: 4.6 / 5: ★★★★★
    Chime Savings
    0.50%
    $0
    $0
    Grow your savings automatically with recurring transfers, round-ups on debit card purchases and 0.5% APY.
    Discover Online Savings Account
    Finder Rating: 4.6 / 5: ★★★★★
    Discover Online Savings Account
    0.40%
    $0
    $0
    Take advantage of a high-interest online savings account with no fees, no minimums and more.
    UFB Direct High Yield Savings
    Finder Rating: 3.6 / 5: ★★★★★
    UFB Direct High Yield Savings
    0.20%
    $0
    $100
    Earn an APY when your balance is higher than $10,000 with this no-monthly-fee savings account.
    SoFi Money
    Finder Rating: 4.3 / 5: ★★★★★
    SoFi Money
    0.25%
    $0
    $0
    SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love.
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    Bottom line

    Capital One shines brightest when it comes to goal setting and savings. The bank has designed accounts for savers of all ages, and it rewards growing balances with high interest rates. It makes it easy to manage your money online or on the top-rated app, and tap into the nationwide ATM network.

    However, watch out for Capital One steep overdraft fees and limited brick-and-mortar branches.

    Before committing, read our guide to bank accounts.

    Frequently asked questions about Capital One

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