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Capital One 360 CDs
5.0
★★★★★
Finder score
1-year APY
5.00%
3-year APY
4.00%
5-year APY
3.90%

Our verdict

High rates and no minimum deposit with a CD from this big-name online bank.

Capital One offers strong rates on CDs with terms of six to 60 months. There’s no minimum deposit, which is surprising, as most banks of its size tend to require deposits of at least $1,000. With nine term lengths and the freedom to deposit as little or as much as you want, it’s a solid option. Rates are also high, up to 5.00% APY on a 12-month CD term. However, you won’t find any no-penalty CD options that would allow you to withdraw funds early without any penalty fees.

Best for: Those who want a high-yield CD with no deposit requirement.

Pros

  • Up to 5.00% APY
  • No deposit requirement
  • Daily compounding interest

Cons

  • Lacks no-penalty CD options
  • Must open online

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

Overview of Capital One 360 CD rates

All of Capital One’s CDs have daily compounding interest that’s credited to the account monthly. There are nine term options, which is on the lower side compared to other banks.

CD termAPYMinimum deposit
6 months4.25%$0
9 months4.25%$0
12 months5.00%$0
24 months4.00%$0
30 months4.00%$0
36 months4.00%$0
48 months3.95%$0
60 months3.90%$0

More about Capital One 360 CDs: Deposits, fees and details

What it isDetailsHow it compares
Minimum deposit$0Very low, most banks of its size typically require at least $1,000 or more.
Term range6–60 monthsOn the shorter side, as most other banks typically go up to 10 years.
Early withdrawal penalties
  • Terms under 12 months: 60 days of earned interest.
  • Terms over 12 months: 180 days of earned interest.
Typical amongst competitors.
Grace period10 daysTypical among competitors.

Cashout and rollover details

Capital One has a 10-day grace period in which you can decide whether to cash out or allow the CD to renew. If you don’t withdraw the funds by the time it reaches maturity, Capital One automatically renews your CD for the same term length, but you’re not guaranteed the same rate you had originally. This is common among other banks and credit unions.

How Capital One 360 CDs and rates compare

Capital One doesn’t offer the highest rates we’ve seen, with Bread Savings topping the market with APYs up to 5.25%. But while Capital One doesn’t have the highest rate, Bread Savings still requires at least $1,500 to open, so Capital One still earns a place among the most competitive options in the market.

Capital One’s CDs also beat out national averages by a large margin. The average rate on a 12-month CD is 1.8%(1), and a 360 CD with a 12-month term can get you 5.00% APY — that’s nearly three times the average rate.

No doubt, the standout feature is the lack of deposit requirement for all the available terms. Nearly all the best CDs offered require at least $1,000 to open, which include First Internet Bank, Crescent Bank CDs and Alliant Credit Union. And a top competitor like Wells Fargo requires at least $2,500 to $5,000, which isn’t the most attainable requirement for many.

However, if you prefer no-penalty CD options, look elsewhere. The 360 CD options all come with early withdrawal penalties, ranging from 60 to 180 days of earned interest, depending on your CD’s term.

Compare Capital One to competitor rates

Narrow down top CDs by APY and minimum deposits to find the best one for your financial goals. Select Compare on up to four products to see their benefits side by side.

1 - 6 of 15
Name Product 6-month APY 1-year APY 5-year APY Minimum deposit to open
Crescent Bank CDs
Finder Rating: 4.8 / 5: ★★★★★
Crescent Bank CDs
N/A
4.90%
4.40%
$1,000
Earn competitive rates up to 4.90% APY (annual percentage yield) on terms ranging from 1 to 5 years. Pay $0 maintenance fees. Member FDIC.
Go to site
Alliant Credit Union CDs
Finder Rating: 4.8 / 5: ★★★★★
Alliant Credit Union CDs
5.00%
5.15%
4.00%
$1,000
Lock in rates as high as 5.15% APY with a low $1,000 minimum deposit. Compounded monthly. FDIC insured.
Go to site
Western Alliance Bank 12 months CDs through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Western Alliance Bank 12 months CDs through Raisin
N/A
5.05%
N/A
$1
Get 5.05% APY on a 12 month CD, and earn an APY that’s higher than the national average. Pay no fees and just a $1 minimum deposit. FDIC insured.
Go to site
Valley Direct Online CD
Finder Rating: 5 / 5: ★★★★★
Valley Direct Online CD
N/A
4.50%
N/A
$500
Earn 4.50% APY on a 12 month CD. FDIC insured per depositor, per account ownership category.
Go to site
Bask Bank CDs
Bask Bank CDs
5.35%
5.30%
N/A
$1,000
Enjoy flexible terms of 6, 12, 18, or 24 months with competitive rates of up to 5.30% APY on a 12-month CD. FDIC insured
Go to site
Quontic Bank CDs
Finder Rating: 5 / 5: ★★★★★
Quontic Bank CDs
5.05%
4.50%
4.30%
$500
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less. Member FDIC.
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CDs ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

Read the full methodology of how we rate CDs.

Your reviews

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Bethany Finder

Editor, Banking

Hi there, looking for more information? Ask us a question.

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karen

October 15, 2019

Hi, right now I have a 360 Money Market with Capital One is that the same as a CD


Avatar

Ryan Brinks Finder

October 15, 2019

Karen,

No, the money market account is different than a CD. Here’s our review for the money market account: https://www.finder.com/capital-one-360-money-market-account


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joan easton

August 30, 2019

What is your APY for a 12 cd —Is it 2.40% ,or 2.7% or 2.30 %

I’ve gotten numerous quotes


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Ryan Brinks Finder

August 30, 2019

Capital One, as with other banks, periodically changes its APY. Currently, the rate for a 12-month CD is 2.40%.


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