Capital One CD Rates
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Interested in Capital One 360 CDs? Here are their rates and how to open one.
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Capital One is best known for its credit cards. But, they've also been gaining traction for their impressive savings products.
They offer CDs with up to 3.90% APY that will help you boost your money. You can also choose from various terms ranging from 6 months to 60 months, with no minimum balance to worry about.
Read on to know more about Capital One's CD rates, features, fees, and more!
Capital One 360 CD Rates And Terms
| CD Term | APY |
|---|---|
| 6 Months | 3.20% |
| 9 Months | 3.20% |
| 12 Months | 3.90% |
| 18 Months | 3.60% |
| 24 Months | 3.50% |
| 30 Months | 3.50% |
| 36 Months | 3.50% |
| 48 Months | 3.50% |
| 60 Months | 3.60% |
| Minimum Deposit | $0 |
|---|---|
| Terms | 6, 9, 10, 12, 18, 24, 30, 36, 48, and 60 months |
| Interest Payments | Monthly |
| Early Withdrawal Penalty | Terms 12 months or less: 3 months' interest Terms <12 months: 6 months' interest |
| Grace Period | 10 days (to withdraw penalty-free after maturity) |
| Limit | 50 accounts |
| FDIC-Insured | Yes |
Capital One has a good range of CD terms you can choose from. In fact, they have a total of 9 terms available.
For short-term goals, they offer CD terms ranging from 6 months to 18 months. But, if you want something for the long haul, they also have terms from 24 months to 60 months.
How Much Can You Earn with Capital One CD
Here's how much you can earn with Capital One 360 CDs if you deposit $10,000.
| CD Term | APY | Earnings |
|---|---|---|
| 6 Months | 3.20% | $158.74 |
| 9 Months | 3.20% | $239.05 |
| 12 Months | 3.90% | $390.00 |
| 18 Months | 3.60% | $544.83 |
| 24 Months | 3.50% | $712.25 |
| 30 Months | 3.50% | $898.10 |
| 36 Months | 3.50% | $1,087.18 |
| 48 Months | 3.50% | $1,475.23 |
| 60 Months | 3.60% | $1,934.35 |
Capital One 360 CD interest is accrued daily and is compounded and credited to your CD account monthly. You also get the option to receive your interest disbursement either monthly, yearly, or by the end of your term.
How Capital One CDs Compare
High-Yield CD - Up to $1,200 Bonus
- Enter promo code SUMMER26 at sign-up and deposit a total of $10,000 or more within 14 days to secure your base cash bonus and unlock the optional recurring deposit reward.
- To earn an additional reward, schedule two or more recurring deposits within your first 90 days. You are eligible for a maximum additional bonus based on your deposit tier, allowing you to choose your matching recurring bonus tier or any tier below it.
- Maintain your balance for 90 days. Once all promotional requirements are met, your total combined cash bonus will be credited to your account within 30 days.
| Qualifying Deposit | Welcome Bonus | Bonus Boost | Total Bonus |
|---|---|---|---|
| $10,000 - $24,999 | $50 | +$10 | $60 |
| $25,000 - $49,999 | $125 | +$25 | $150 |
| $50,000 - $99,999 | $250 | +$50 | $300 |
| $100,000 - $199,999 | $500 | +100 | $600 |
| $200,000 or more | $1,000 | +200 | $1,200 |
High-Yield CD Rates - Up to 3.00% APY
- No fees
- $1 minimum deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 2 Month | 3.00% APY |
| 3 Month | 3.00% APY |
| 4 Month | 3.00% APY |
| 5 Month | 3.00% APY |
| 6 Month | 3.00% APY |
| 9 Month | 3.00% APY |
| 12 Month | 3.00% APY |
CIT Bank No Penalty CD - 3.75% APY
- Option to withdraw full balance and interest after 7 days of CD funding date
- $1,000 minimum to open an account
- 11 months
- No monthly maintenance fee
- Member FDIC
CD Rates - Up to 3.60% APY
- $500 minimum opening deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 3 Month | 3.60% APY |
| 6 Month | 3.50% APY |
| 12 Month | 3.00% APY |
| 24 Month | 3.15% APY |
| 36 Month | 2.85% APY |
| 60 Month | 2.75% APY |
1-Month High-Yield CD - 3.90% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
Capital One 360 CD Pros and Cons
Pros:
- No maintenance fees
- No opening deposit
- 10-day rate lock guarantee
- Various CD terms available
- IRA CDs available
- Access to physical locations
- 24/7 customer service
- FDIC-insured
Cons:
- Early withdrawal penalties
- Monthly compounding interest
- No-penalty CD not available
- Bump-up CD not available
Capital One gives you the highest rate they offer on the CD if you fund your account by linking to an external account within 10 calendar days of applying for a CD.
Fees And Penalties
Most banks will not allow you to close your CD pre-maturely without paying early withdrawal penalties. This rule applies to Capital One's 360 CDs as well.
If you need to close your 360 CD early, here's what you'll have to pay depending on your CD term:[1]
| CD Term | Early Withdrawal Penalty |
|---|---|
| 12 months or less | 3 month's worth of interest on the original principal balance |
| More than 12 months | 6 month's worth of interest on the original principal balance |
Can You Lose Money with a Capital One CD?
Generally, you won't lose money with a Capital One CD because Capital One is FDIC insured (FDIC Cert #4297). This means the government will cover your deposits in case the bank fails, up to $250,000 per depositor, per ownership category.
However, you can lose some of your earnings due to early withdrawal penalties if you withdraw before maturity. And in some cases, if you withdraw early enough, the penalty could even eat into the principal.
How To Open A Capital One 360 CD Account
You can open a Capital One 360 CD account at any of their locations or online. Here's how to do it through their website:
- Visit Capital One's official website and go to the 360 CD Accounts page under Checking & Savings.
- Click on Open Account and choose the details that apply.
- Select your preferred 360 CD term and rate.
- Fill out the form and provide the necessary documents.
- Fund your account.
How To Fund A Capital One 360 CD Account
You can fund your Capital One 360 CD via an electronic transfer (ACH). You can transfer from your Capital One savings account or link an external bank account.[2]
How To Withdraw At Maturity
Capital One will send you a reminder 30 days before your 360 CD matures. But you should start thinking about what to do with your money before then.
You can choose to do any of the following:
- Automatically renew your CD with the same terms
- Renew your CD with a different principal balance, term, or both
- Close your CD and withdraw all funds
Upon the maturity of your 360 CD, you get a 10-day grace period which you can use to decide on what you'll do with your account.
If you don't do anything, your CD is automatically renewed and Capital One will send you a renewal notice.
CD Ladders with Capital One CDs
A CD ladder is a strategy where you split up your money into multiple CDs with different rates and terms. The goal is to have CDs mature at regular intervals. This way, you have cash on hand to use or reinvest whenever a CD matures.
Capital One offers 12-month and 18-month CDs that are worth considering as the longest term for CD a ladder.
Use our CD ladder calculator below to see how much you can earn with Capital One 360 CDs.
Should I Open A Capital One CD Account?
Capital One offers competitive CD rates with a variety of terms to choose from. If you're looking for a low-risk investment to boost your savings, they are a good bank to check out.
If you're looking for flexibility and good rates, your best bet would be to build a CD ladder with Capital One's 360 CDs. Make sure to do research and compare CD rates before deciding on one.
References
- ^ Capital One. 360 CD account disclosures, Retrieved 10/5/2023
- ^ Capital One 360 CD, Retrieved: 10/10/23
Capital One Venture X Business Credit Card
- Earn 150,000 miles when you spend $30,000 in the first 3 months. 2 Plus, receive an annual $300 credit for bookings through Capital One Business Travel
- 2x miles
- $395 annual fee
Chase Total Checking® - $400 Bonus
- New Chase checking customers can receive $400 when you open a Chase Total Checking® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
- Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
- Chase Total Checking® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
- Chase Overdraft Assist℠ – no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- Chase Mobile® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
- Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
- Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
- Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
Bank of America Advantage Plus Banking® - Up to $500 Bonus Offer
- New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. See offer page for more details
- Bank of America N.A. Member FDIC.
CIT Bank Platinum Savings - 4.10% APY Boost
| Tier | Boost APY |
|---|---|
| Balance over $5,000 | 4.10%* |
| Balance less than $5,000 | 0.60%* |
After boost is completed, you will continue to earn our best standard rates:
| Tier | APY |
|---|---|
| Balance over $5,000 | 3.75%1 |
| Balance less than $5,000 | 0.25%1 |
- Needs to use promo code to qualify: CITBoost
- Boost lasts 6 months over standard APY
- Tiered account
- $100 minimum account opening
- Member FDIC
- No Monthly Service fees
- No account opening fees
HSBC Premier - Up to $5,000
Discover all that Premier can do for you
- Earn our best savings rate with a Premier Relationship Savings account for an introductory period and thereafter if you qualify
- Send money internationally, securely, quickly and fee-free in the HSBC mobile app with our award-winning HSBC Global Money Transfers
- Enjoy peace of mind with unique travel benefits available through our credit cards
Here's how the offer works
- Open a Premier checking account by June 30, 2026
- Add your desired level of deposits and/or eligible investments within 20 days
- Get $1,500: Deposit or invest $150,000 to $249,999
- Get $2,500: Deposit or invest $250,000 to $499,999
- Get $3,500: Deposit or invest $500,000 to $999,999
- Get $5,000: Deposit or invest $1,000,000+
- Maintain your balances for 3 full consecutive months
- Remain opted-in to receive HSBC marketing emails
If all offer requirements are met, the bonus will be paid within 8 weeks.
Write to Rue Atanacio at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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