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Capital One savings account interest rates for 2023

Earn 0.3% to 3.3% depending on which account you choose. Plus, enjoy no monthly fees or minimum deposits.

Capital One savings accounts earn 0.3% to 3.3% APY — that’s up to eight 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 Savings3.3%$0This rate is 8x higher than the current national average, which is 0.05%. But you can find higher APYs elsewhere.
Capital One Kids Savings0.3%$0Although competitive, you can earn 2.7% 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 Savings3.3%$6.21$17.25$33.15$53.92$79.58
Capital One Kids Savings0.3%$4.66$12.93$24.83$40.38$59.58

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 38
$
Name Product Annual Percentage Yield (APY) Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
CIT Savings Connect
Finder Rating: 5 / 5: ★★★★★
CIT Savings Connect

4.05%

$0
$100
$1,041.33
Secure a 4.05% APY, 16x the national average. Pay $0 in monthly fees and no account opening fee.
Barclays Online Savings
Finder Rating: 4.6 / 5: ★★★★★
Barclays Online Savings

3.40%

$0
$0
$1,034.58
Earn 3.4% APY, 5X higher than the national average with no minimum balance requirements. Get unlimited transactions and tools that help you save. Pay $0 monthly fees.
Bread CD
Finder Rating: 3.8 / 5: ★★★★★
CD
Bread CD

4.50%

$0
$1,500
$1,046.02
Earn an impressive 4.5% APY with this FDIC insured CD. Available in 1-, 2-, 3-, 4- and 5-year terms. No monthly fees and no hidden fees.
American Express® High Yield Savings Account
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings Account

3.30%

$1
$0
Earn a referral bonus, No matter which card your friend gets.
Your friend can receive a welcome offer after they apply through the referral link and are approved and get their new card.
$1,033.55
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
UFB Best Savings
Finder Rating: 5 / 5: ★★★★★
UFB Best Savings

4.21%

$0
$0
$1,043
Score an impressive 4.21% APY, and pay $0 in monthly fees. No minimum deposit requirement.
Bread Savings™ High-Yield Savings
Finder Rating: 4.3 / 5: ★★★★★
Bread Savings™ High-Yield Savings

4.00%

$0
$100
$1,040.81
Earn competitive interest rates with this high-yield savings account you can open in just minutes. Member FDIC.
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Compare up to 4 providers

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 3.3% to 4.1%, 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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