In this guide

  • Review
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Capital One 360 Money Market review

  • Avatar
Capital One 360 Money Market
APY
Up to 1.90%
Fee
$0
Minimum deposit to open
$0

In this guide

  • Review
  • Your reviews
  • Ask a question

What are the benefits of a money market account with Capital One?

If Capital One has one major selling point, it would be its savings accounts. The 360 Money Market account has built-in features that give you the opportunity and incentive to save. In addition to being secure and fee-free, its benefits include:

  • No minimum balance. You can stash as much or as little cash as you want into this account and earn interest. If you have less than $10,000, look into the savings account — you can earn 1% on all balances.
  • Easy deposits. Send electronic transfers, receive domestic wires or deposit checks or cash in over 39,000 compatible Capital One ATMs.
  • High interest rate. With this online account, you’ll earn a 0.85% APY on balances up to $9,999.99 and 1.9% APY on those over $10,000.
  • Automatic Savings Plan. Reach your goals faster by transferring a fixed amount of money from your linked checking account to your 360 Money Market account.
  • Flexible with linked accounts. You can move your money to and from a Capital One account or an account with a different bank.

What should I look out for?

Like all bank accounts, the 360 Money Market account has its drawbacks. These include:

  • No debit card or checks. The account doesn’t come with a debit card or the ability to write checks, which can make withdrawals inconvenient.
  • Doesn’t support international wire transfers. With this money market account, you can’t send or receive international wires.
  • Short support window. While the Interactive Phone Service is available around-the-clock, if you want to speak to a human, you’ll have to call customer service between 8 a.m. and 8 p.m. seven days a week.
  • Expensive outbound wires. The bank charges $30 to process outbound domestic wires.
  • Limited transactions. In alignment with federal law, the account has a limit of six withdrawals per month, which includes internal transfers. If you exceed this, Capital One may close your account.

Compare with other money market accounts

$
Name Product Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
Quontic Bank Money Market
Finder Score: 4.6 / 5: ★★★★★
Quontic Bank Money Market
Money market

5.00%

Up to $250,000
$0
$100
$1,050
CIT Bank Money Market
Finder Score: 3.9 / 5: ★★★★★
CIT Bank Money Market
Money market

1.55%

Up to $250,000
$0
$100
$1,015.50
Great Lakes FCU MMA through Raisin
Finder Score: 4.7 / 5: ★★★★★
Great Lakes FCU MMA through Raisin
Money market

2.40%

Up to $250,000
$0
$1
$1,024
Key Select Money Market Savings®
Finder Score: 3.3 / 5: ★★★★★
Key Select Money Market Savings®
Money market
Up to

2.92%

Up to $250,000
$0
$5,000
Earn 4.00%-4.50% Interest Rate (2.41%-2.92% blended APY) for 6 months. Rate available on balances of $25,000 to $1,999,999.99 with an increase in total relationship balances of at least $25,000. See specific rate for your location here
$1,029.20
Axos Bank High Yield Money Market account
Finder Score: 4.1 / 5: ★★★★★
Axos Bank High Yield Money Market account
Money market

0.25%

Up to $250,000 individual
$0
$1,000
$1,002.50
Axos Bank Business Money Market
Finder Score: 3.6 / 5: ★★★★★
Bonus
Axos Bank Business Money Market
Money market

0.20%

Up to $250,000
$0
$1,000
If you’re incorporated after June 1, 2020, you’ll get $200 added to your new account. Must maintain a daily balance of at least $2,500 for 60 days. Must apply with the promo code NEWBIZ200. If you’re not a new business, use promo code NEWAXOSBIZ for a $100 bonus.
$1,002
loading

How do I open an account?

You can open a 360 Money Market account online or in person at a Capital One branch. The bank claims it takes just five minutes to fill out the online form. To do this, follow these steps:

    1. Head to the Capital One site.
    2. Hover over the Checking & Savings tab and select 360 Money Market.
    3. On the landing page, click Open Account.
    4. Log in if you have an existing Capital One account, credit card or loan. If you don’t, press No.
    5. Select your account type: Single or Joint.
    6. Enter your Personal, Contact, Citizenship and Employment details.
    7. Review and agree to the Terms & Conditions.
    8. Click Now, Let’s Add Money.
    9. Follow the prompts to provide identifying documents and fund your initial deposit. Capital One will confirm your details. You’ll then receive an account number.

Eligibility

To apply for a 360 Money Market account, you must be:

  • A US citizen or permanent resident with a physical address and a valid Social Security number or individual taxpayer identification number.
  • At least 18 years old.

Required information

To breeze through your application, have these details handy:

  • Social Security number or individual taxpayer identification number.
  • Valid driver’s license, state ID or military ID.
  • Details for your linked checking account.

How do I deposit and withdraw money?

There are a few ways to access your money and stash your cash:

  • Electronic Funds Transfers. Sign in to the app or your online account to transfer money from other Capital One or external bank accounts.
  • ATMs. Deposit cash or checks in compatible Capital One ATMs. To find one near you, use the search function on the website and check the Make A Deposit box.
  • Wires. Move money around via domestic wires — at $30 for each domestic wire.
  • Branches. Go to a Capital One Café or branch to access ATMs and send wires.
  • Checks. Quickly deposit a check by uploading a photo of it to the Capital One app, bringing it to a branch or mailing it in. The 360 Money Market account doesn’t come with checks, so you won’t be able to send funds that way.
  • Direct deposit. To enroll in direct deposit with your employer, fill out this form.
    Include your account number and routing number, and specify the amount you’d like deposited into your account from each paycheck.

If you’d prefer to pick up the phone, you can withdraw money by calling the Interactive Phone Service at 888-464-7868 any time.

How can I get in touch with customer service?

Got questions? You can contact the customer service team in the following ways:

  • Live chat. Log in to your account for real-time help during business hours.
  • Phone. To speak to someone, dial 877-514-2265 between 8 a.m. and 8 p.m., seven days a week.
  • Interactive phone service. If you’re fine with following prompts, call 888-464-7868.
  • Branches. Head to Capital One’s website to locate a branch near you.
  • Capital One Cafes. Drop by to withdraw or deposit money, learn more about banking or speak to an associate over a cup of coffee. There are cafes across the country.

Bottom line

Money market accounts are designed to speed up saving, and Capital One 360’s is among the best with its high interest rate, automated savings programs and no fees that eat away at your deposits.

However, it doesn’t come with check-writing privileges or an ATM card, and that lack of flexibility can make it tedious to access your money.

To make an informed decision, compare your options with our guide to money market accounts.
Capital One Kids Savings Account review

Frequently asked questions

Your reviews

Not enough reviews Write a review

Ask a question

Ask a question
Avatar

Katia Finder

Writer

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

Error label

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Tonello

July 05, 2019

Does the ATM works for withdraw cash as well as deposit? Thanks.


Avatar

nikkiangco

July 05, 2019

Hi Tonello,


Thanks for getting in touch!


Yes, you can withdraw and deposit cash at Capital One ATM’s. Hope this helps! For any further questions, feel free to reach out to us again, we’re here to help.


Best,

Nikki


Avatar

Pagrawa20

March 12, 2019

Is there any fee for depositing and withdrawing money by transferring money to and fro between different bank accounts ?


Avatar

johnbasanes Finder

March 12, 2019

Hi Pagrawa20,


Thank you for reaching out to Finder.


Yes there are fees associated when making transfers between banks. Specific to Capital One 360, the bank charges $30 to process outbound domestic wires and does not support international wire transfers. You may need to confirm with the other bank on fees associated with money transfer. Hope this helps!


Cheers,

Reggie


Show more Show less
Avatar

Andrea

March 11, 2019

So to deposit money with no debit card how is it done? Please explain so I know what to do at the ATM .


Avatar

johnbasanes Finder

March 11, 2019

Hi Andrea,


Thank you for reaching out to Finder.


First, you would need to locate an ATM that accepts cash deposits. These ATMs have bigger slot where you could place the cash when you deposit through them. Once you have located one, ensure that you memorized your account number where the money would be deposited as this will be asked by the ATM. Follow the prompts provided by the ATM until you successfully deposited the amount. Hope this helps!


Cheers,

Reggie


Show more Show less
Go to site