Capital One savings accounts earn 2.5% to 3.4% 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.
Capital One’s savings account rates aren’t the highest you’ll find, but they consistently rank among the best nationwide.
| Account | APY | Minimum balance | How it compares |
|---|---|---|---|
| Capital One 360 Savings | 3.4% | $0 | This rate is 10x higher than the current national average, which is 0.40%. But you can find higher APYs elsewhere. |
| Capital One Kids Savings | 2.5% | $0 | Although competitive, you can earn 3.1% APY with the Alliant Kids Savings Account. |
If you’re after a slightly higher APY with no monthly fees or minimum balance requirements, check out Synchrony High Yield Savings. It offers 3.65% APY.
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.
We currently don't have that product, but here are others to consider:
How we picked theseThe 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.
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.
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.
| Account | APY | 1 year | 2 years | 3 years | 4 years | 5 years |
|---|---|---|---|---|---|---|
| Capital One 360 Savings | 3.4% | $63.15 | $177.89 | $346.33 | $570.67 | $853.18 |
| Capital One Kids Savings | 2.5% | $4.50 | $12.50 | $24.00 | $39.03 | $57.58 |
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.
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.
What are Capital One interest rates for CDs?
Capital One interest rates for CDs range from 3.50% to 4.05%, 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.
Capital One’s 360 Checking account is free to open and maintain and offers 0.10% APY on all balances.
Capital One Money Teen Checking is a free checking account that helps teens ages 13 to 17 manage their money and save.
Capital One beats out national averages and has no deposit requirements to create a well-rounded savings option.
A simple, no-frills kids savings account with a low APY.
This Capital One savings account is no-fuss and has a top rate, but you’ll have to like online banking.