Capital One 360 CD rates + review August 2019 | finder.com

Capital One 360 CD rates and review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Capital One 360 CD
  • No market risk
  • Guaranteed returns
  • 3.10% APY for 5-year CDs

Compare providers

Compare CDs like Capital One 360 CD.

Compare now

No minimum deposit and a strong APY from this online account.

When you’re ready to take your savings to the next level, the Capital One 360 CD offers high rates. But to get the highest APY, you’ll need to choose a five-year term.

Minimum deposit to open$0
Interest compoundingMonthly
6-month APY0.6%
9-month APY0.75%
1-year APY2.7%
18-month APY2.7%
30-month APY2.8%
3-year APY2.85%
4-year APY2.9%
5-year APY3.1%

Benefits of a Capital One 360 CD

In addition to having no minimum opening deposit and no maintenance fees, this CD offers the following benefits:

  • Competitive APYs. Interest rates start at 0.6% and go up to 3.1% for terms of 60 months.
  • Term lengths. Meet your goals with terms from six months to five years.
  • Rate lock guarantee. Lock in the highest rate available during the funding period for up to 10 days, even if that rate changes during funding.
  • Early interest payments. Get interest deposited once a month or once a year.
  • Automatic renewal. Renew your CD for another term at the current rate.

What to watch out for

Guaranteed rates on your term CD come with potential drawbacks that include:

  • Low APR. Shorter terms offer lower yields than traditional savings accounts.
  • Early withdrawal penalty. It’s a standard penalty for CDs, but withdrawing your funds before the end of your term comes with fees.
  • Statement fees. You’ll pay $5 for each statement you receive by mail.

Compare with other CDs

Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
2.2%
2.5%
1.4%
1.3%
1.7%
2%
1.9%
1.9%
0.55%
2.15%
2.3%
2.45%
2.55%
2.45%
2.45%
2.5%
2.55%
2.75%
2.5%
2.55%
2.6%
2.65%
2.85%
2.8%
2.7%
2.8%
2.9%
3%

Compare up to 4 providers

How do I open a CD?

With a focus on online banking, Capital One 360 makes it easy to open your term CD without entering a branch:

    1. Go to Capital One‘s 360 CDs site and click Open Account.
    2. Unless you already bank with Capital One, choose your account type and term and fill in your personal, financial and employment details, then click Now, let’s add money.
    3. Submit the banking details that you’ll use to fund your CD to complete your application.

Eligibility

To be eligible for a Capital One 360 CD account, you’ll need to:

  • Be a US citizen or lawful permanent resident.
  • Have a US, APO or FPO mailing address.
  • Have a valid Social Security number.

Required information

Be prepared to provide the following details:

  • Full name and contact information.
  • Employment status and income.
  • Social Security number and date of birth.
  • Country of citizenship.

Funding options

You can fund your account by:

  • Electronic money transfer from an outside account.
  • Linked Capital One 360 account.

How do I cash in a CD?

With Capital One 360, you have 10 days from the end of your term to transfer the money in your CD. Simply sign in to your online account and indicate where you’d like to transfer it.

If you don’t cash in your CD, Capital One automatically renews it for another term at the current interest rate.

How can I get in touch with customer service?

Contact customer service in the following ways:

  • Live chat. Talk in real-time with a representative online.
  • Phone. Call 888-464-0727.
  • Support center. Search for answers to common questions online.
  • Mail. Write to: Capital One 360, PO Box 60, St. Cloud, MN 56302-0060

What other savings options does Capital One offer?

If the Capital One 360 CD doesn’t meet your needs, explore Capital One’s other savings options:

  • Capital One 360 Savings. A fee-free online savings account with a great rate for any savings balance and a 1.00% APY and the best part $0 to open and keep your account.
  • Capital One Kids Savings Account. The online and mobile savings account that puts them first, another great option with no monthly or maintenance fees, $0 to open or keep your account and a 1.00% APY.

Does Capital One offer business services?

Capital One offers business CDs and savings accounts that include:

  • Business Advantage Savings. A low-fee account that comes with a promotional interest rate for the first year and an option to avoid paying $3 monthly by carrying a balance of $300 or more.
  • Small Business CDs. Choose between earning a fixed or variable interest rate over terms of one to five years when you lock up at least $1,000 of business cash.

Bottom line

Capital One 360 offers strong rates on CDs with terms of 12 months or longer. Often, banks require a minimum deposit — this one doesn’t. Plus, there are no monthly fees.

But if you’ll need your money in the next year, consider looking for easier access with a high-yield savings account or compare your options on short-term CDs from other banks.

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

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

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site