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Capital One savings account interest rates

Earn 0.3% to 4.35%, depending on which account you choose. Plus, enjoy no monthly fees or minimum deposits.

Capital One savings accounts earn 0.3% to 4.35% APY — that’s up to ten times more than the national average. Here’s how much interest you could expect to earn across its savings products.

How do Capital One savings account interest rates compare?

Capital One’s savings account interest rates aren’t the absolute highest available today. For instance, SFGI Direct Savings account earns 1.21%. But Capital One savings accounts do consistently rank among the best in the nation.

AccountAPYMinimum balanceHow it compares
Capital One 360 Savings4.35%$0This rate is 10x higher than the current national average, which is 0.46%. But you can find higher APYs elsewhere.
Capital One Kids Savings0.3%$0Although competitive, you can earn 3.1% APY with the Alliant Kids Savings Account.

How does Capital One compound interest?

Capital One compounds interest daily and credits it to your account monthly. This means that each day you earn interest on your principal balance plus any interest you earned the day before.

How much interest can I earn with Capital One?

This table highlights how much interest you’d earn over time across all Capital One savings products if you made an initial $1,000 deposit, then contributed $100 a month for up to five years.

AccountAPY1 year2 years3 years4 years5 years
Capital One 360 Savings4.35%$63.15$177.89$346.33$570.67$853.18
Capital One Kids Savings0.3%$4.50$12.50$24.00$39.03$57.58

Calculate your savings interest with Capital One

Use this savings calculator widget to see how much interest you could earn with Capital One based on your initial deposit and monthly deposit amounts.

Compare Capital One interest rates to the competition

Use this table to compare and sort top banks by APY, monthly fee and minimum deposit requirements. Enter your deposit amounts to see how much interest you could earn across all accounts.

1 - 6 of 29
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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
SoFi Checking and Savings
Finder Score: 4.6 / 5: ★★★★★
Bonus
SoFi Checking and Savings
Traditional savings,Checking

4.60%

0.50%

1.20%

Up to $250,000
$0
$0
Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until June 30, 2024.
$1,046
BrioDirect High-Yield Savings
Finder Score: 4.4 / 5: ★★★★★
BrioDirect High-Yield Savings
Traditional savings

5.35%

Up to $250,000
$25
$5,000
$1,053.50
Barclays Online Savings
Finder Score: 4.3 / 5: ★★★★★
Bonus
Barclays Online Savings
Traditional savings

4.35%

Up to $250,000
$0
$0
Get a $200 bonus when you open a new savings account, deposit $25,000 within 30 days of opening and maintain the balance for 120 days. Terms apply
$1,043.50
Cash App Savings
Finder Score: 4.4 / 5: ★★★★★
Cash App Savings
Savings app

4.50%

1.50%

Up to $250,000
$0
$1
$1,045
Customers Bank High Yield Savings through Raisin
Finder Score: 4.6 / 5: ★★★★★
Customers Bank High Yield Savings through Raisin
Traditional savings

5.16%

Up to $250,000
$0
$1
$1,051.60
UFB Secure Savings
Finder Score: 4.7 / 5: ★★★★★
UFB Secure Savings
Traditional savings,Custodial account

5.25%

Up to $250,000
$0
$0
$1,052.50
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Bottom line

Capital One is known for having straightforward savings accounts with no monthly fees and competitive APYs. Coupled with a sleek online banking experience, these accounts are best for anyone who wants an overall top account. But if high interest rates are all you’re after, you’ll earn even more with these high-yield options.

Frequently asked questions

What are Capital One interest rates for CDs?

Capital One interest rates for CDs range from 4.00% to 4.50%, depending on the term.

What are Capital One interest rates for money market accounts?

Capital One doesn’t have any money market accounts. There used to be the Capital One 360 Money Market account, but it was discontinued some time ago.

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