Table of Contents
Table of Contents
Capital One CD Rates
Capital One CDs: Key Features
Compare CD Account Rates
FAQ
Your Guide to CDs
- Banking
- Certificate of Deposits (CDs)
Capital One’s 360 CD can yield over 4.00% APY
ByLindsay VanSomeren
Updated April 01, 2024
Fact checked by
Michael Rosenston
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Fact checked byMichael Rosenston
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Michael Rosenston is a fact-checker and researcher with expertise in business, finance, and insurance.
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Capital One CD Rates
Capital One is probably one of the first banks you’ll come across if you’re searching for the best online CDs, and it truly doesn’t disappoint. Capital One CD rates are among the highest in the country and that’s only the start. The bank also has no minimum deposit requirement and provides award-winning customer service too.
The APYs listed below are up to date as of the date of publication of this article. We review CD rates every two weeks and update the information below accordingly.
| Capital One 360 CD Overview | |
|---|---|
| CD Term | APY |
| 6 months | 4.35% |
| 9 months | 4.35% |
| 10 months | 5.10% |
| 11 months | 4.35% |
| 12 months | 4.90% |
| 14 months | 4.90% |
| 18 months | 4.50% |
| 24 months | 4.20% |
| 30 months | 4.10% |
| 36 months | 4.10% |
| 48 months | 4.05% |
| 60 months | 4.00% |
Although Capital One’s CD rates on long-term options are tempting, don’t open one unless you’re sure you won’t need the money before it matures. Otherwise, you may pay expensive early withdrawal fees.
See the best CD rates today before choosing the CD that is best for you.
Capital One CDs: Key Features
| Capital One 360 CD Key Features | |
|---|---|
| APY Range | 4.00%–5.10% |
| Minimum Deposit | None |
| Term Range | 6–60 months |
| Early Withdrawal Penalty | 3 months’ worth of interest for term lengths of 12 months or less; 6 months’ worth of interest for term lengths over 12 months |
We like that Capital One offers such high rates. But what’s honestly refreshing to see is no minimum deposit requirement.
Typically you’ll need $1,000 or more to open a CD, which isn’t obtainable for many people. It also prevents a good CD ladder strategy because you’ll need that high minimum deposit five times over if you’re going for a standard five-year CD ladder. But with no minimum deposit requirement, Capital One expands access so that anyone can get started with a single CD or several.
In addition, Capital One is known for its good customer support. The consumer research firm J.D. Power ranked Capital One as the top bank nationwide for overall customer satisfaction in 2022, for the third year in a row.
Capital One’s CDs are designed to be opened online, but you can open them at a local Capital One branch, too.
Compare CD Account Rates
How Do Capital One Bank’s CDs Work?
You can open a Capital One CD online or in a branch with any deposit amount you wish. You choose the term length, which dictates your interest rate and how long your money will be unavailable. You can withdraw the money early, but it’ll cost you a penalty fee. When the term length is up, you’ll have a 10-day grace period to withdraw the funds before they’re rolled over into another CD.
Are Capital One CDs Safe and FDIC-Insured?
Yes, Capital One CDs are FDIC-insured up to $250,000 just the same as any other money you have in a deposit account with the bank. If you’re bumping up close to those limits it’s a good idea to seek out another bank to make sure all of your money is protected.
Are Capital One and Capital One 360 the Same?
Yes, Capital One and Capital One 360 are the same. Capital One 360 refers to the bank’s online personal bank account division, as opposed to other divisions such as Capital One Spark, which focuses on small business credit cards. Even though Capital One’s 360 CD is primarily an online-only account, you can still open one in person if you live near a Capital One branch.
Is Capital One Good for CDs?
Yes, Capital One offers good CDs. If you’re concerned about earning the absolute maximum interest rate there are still better CD options. But it’s also an all-around good choice due to its positive reputation and no minimum deposit requirements, making it more accessible to all.
Your Guide to CDs
- What Is a Certificate of Deposit (CD)?
- What Is a Brokered CD?
- What Is a CD Ladder?
- Pros and Cons of CDs
- How to Invest With CDs
- How to Open a CD
- How to Close a CD
- CDs vs. Annuities
- CDs vs. Stocks
- CDs vs. Mutual Funds
- CDs vs. ETFs
- CDs vs. Savings Accounts
- Short-Term vs. Long-Term CDs
- CD Rates News
- Best 1-Year CD Rates
- Best 18-Month CDs
- Best Jumbo CD Rates
- Best 6-Month CD Rates
- Best 3-Month CD Rates
- Best Bank CD Rates
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
Capital One. "360 CD Account & Rates."
J.D. Power. “2023 U.S. National Banking Satisfaction Study.”
Capital One. "360 CD Account Disclosures."
Related Terms
What Is a Certificate of Deposit (CD) and What Can It Do for You?
A certificate of deposit (CD) is a type of savings account offered by banks and credit unions that pays a fixed interest rate on money held for an agreed upon period of time.
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Add-On CDs: Meaning, Pros and Cons, Example
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Fixed-Rate Certificate of Deposit (CD): What It Is, How It Works
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Money Markets: What They Are, How They Work, and Who Uses Them
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Types of Specialty Certificates of Deposit (CDs) Explained
Specialty CDs offer features such as the ability to add to the principal or avoid early withdrawal fees. Some options offer more flexibility but may have lower rates than standard CDs.
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